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Problem 1: Bramble, Inc. considers machine hours to be the best activity base for applying its manufacturing overhead. In the current period, the estimate of annual overhead costs for its jobs was $ 2490000. The company used 1000 hours of processing on Job No. B12 during the period and incurred overhead costs totaling $ 2420000. The budgeted machine hours for the year totaled 25000. How much overhead should be applied to Job No. B12?
Option 1: $ 2420
Option 2: $ 96800
Option 3: $ 99600
Option 4: $ 2490
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