Williams Company thinks machine hours is the best activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was $61,250. The company used 460 hours of processing on Job No. A80 during the period and incurred overhead costs totaling $6,670. The budgeted machine hours for the year totaled 4,900. How much overhead should be applied to Job No. A80? $61,250 $5,750 $6,670 $626