Velton Corporation produces toddlers' plastic slides. In preparing the current budget, Velton's management chooses to use an. overhead base of direct labor hours. Velton estimates a total of $300,000 in manufacturing overhead costs and 5,000 direct labor hours for the coming year. In December, Velton's controller reported actual manufacturing overhead incurred of $320,000 and 4,900 direct labor hours used during the year. Velton Corporation produces toddlers' plastic slides. In preparing the current budget, Velton's management chooses to use an. overhead base of direct labor hours. Velton estimates a total of $300,000 in manufacturing overhead costs and 5,000 direct labor hours for the coming year. In December, Velton's controller reported actual manufacturing overhead incurred of $320,000 and 4,900 direct labor hours used during the year