The following information is provided by the Sandman Corporation for the year: 46,000 Actual direct labor hours worked $300,000 Budgeted overhead 30,000 Budgeted direct labor hours Actual overhead costs incurred $460,000 Refer to Figure 4-2. If normal costing is used, the amount of overhead applied for the year is O$480,000. O $400,000. O $414,000. $460,000.