* Your answer is incorrect Marigold Corp. thinks machine hours is the best activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was $1550000. The company used 1000 hours of processing on Job No, B12 during the period and incurred overhead costs totaling $1600000. The budgeted machine hours for the year totaled 20000. How much overhead should be applied to Job No B12? $1550 $1600 577500 $80000