The following information was extracted from the accounting records of Bowater Company. The annual flexible overhead budget is expected to be $215,000 of fixed costs and $5 per machine hour The budgeted number of machine hours for the coming year is 8,000 , and 7,700 machine hours wer actually used during the year. Actual overhead costs incurred for the year: 12. Refer to Figure 2. If Bowater uses a predetermined overhead rate to apply overhead, manufacturing overhead applied would be (round the rate to two decimal places) $245,438$246,563$277,360 None of the answers are correct. $239,063 $265.313