Vlew previous attemp Likes Incorporated makes a single product-a cooling coll used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below Total budgeted manufacturing overhead Budgeted production (a) standard hours per unit (b) Budgeted hours (a) x (b) Applying overhead: $495,040 35,000 units hours 9,5 hours 1.70 machine- machine- Actual production (a) standard hours per unit (b) 30,000 units machine- hours 1.70 Prey 30, 20 Next > rch Total budgeted manufacturing overhead $495,040 Budgeted production (a) Standard hours per unit (b) 35,000 units 1.78 machine. hours 59,509 machine 56 hours Budgeted hours (a) x (b) Applying overhead: Actual production (a) Standard hours per unit (b) 30,000 units hours 51,009 machi 1.7e machine Standard hours allowed for the actual production (a) x (b) hours Total actual manufacturing overhead Actual hours $498,000 machine- hours K Prey 3 of 20 Next > ch 52,800 hours The total amount of manufacturing overhead applied is closest to: $488,400 $424,320 K Prey 3 of 20E Next >