Walsh Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours Total fixed manufacturing overhead cost 20,000 $ 176,000 Variable manufacturing overhead per machine-hour $ 2.20 Recently, Job P505 was completed with the following characteristics: Total machine-hours 200 Direct materials $ 540 Direct labor cost $ 7,200 The amount of overhead applied to Job P505 is closest to: