The following cost data pertains to GHI Inc. for December 31^st, 2019:

Beginning Work-in-Process:$20,000Ending Work-in-Process:$10,000Direct Materials Used:$40,000Direct Costs Incurred in Production:$60,000Actual Indirect costs incurred in Production:$76,000

($36,000 of which is fixed)Beginning Finished Goods Inventories:$80,000Ending Finished Goods Inventories:$40,000

Budgeted Fixed Factory Overhead was $40,000 based on an expected activity level of 10,000 hours. During the period, GHI employees worked a total of 8,000 direct labour hours. GHI uses a job-order costing system and applies overhead costs using direct labour hours. What was GHI's applied overhead for the year?