Time left 00 A company applies overhead on the basis of machine hours. The company's predetermined overhead rate is $28 per machine hour based on its budget of 17.000 hours. During the year the company incurred actual overheads of $496,500 and under applied overhead by $12.520. The budgeted overhead cost for the period was Question 18 Not yet anowered Marked out of 1 TRquestion Oa $483.980 Ob $509.020 Oc $476.000 Od $496.500