Tungsten Industries uses a standard cost accounting system to compute the cost of its inventory and allocates manufacturing overhead based on direct labor hours. The direct labor quantity standard is 3.0 hour per unit. Here are data regarding Tungster's production activity for the current year: Budgeted production 5,000 units Actual production 4,750 units Budgeted variable manufacturing overhead costs, total $540,000 Budgeted fixed manufacturing overhead costs, total $442,500 Actual manufacturing overhead costs (variable and fixed), total $963.000 What is the total amount of manufacturing overhead costs, variable and fixed, that Tungsten applies to its work-in-process inventory for the current year? $982,500 $963,000 $933,375 59140