Assume that a company uses a standard cost system and applies overhead to production based on direct lobor-hours. It provided the following excerpt from the standard cast card of its only product: Standard lours 2 hours Standard Rate $6.00 per hour Standard cost $12.00 Fixed manufacturing overhead During the most recent period, the following additional information was available: The total actual fixed overhead cost was $275,000 The budgeted amount of fixed overhead cost was $285,000 46,000 direct labor-hours were actually used to produce 24,100 units How much fixed overhead was applied to work in process