Assume the following:
Estimated fixed manufacturing overhead for the coming period of $233,000
Estimated variable manufacturing overhead of $2.00 per direct labor hour
Actual manufacturing overhead for the period of $320,000
Actual direct labor-hours worked of 54,000 hours
Estimated direct labor-hours to be worked in the coming period of 55,000 hours.
The amount of overhead applied to production during the period is closest to:
Note: Round your intermediate value of "Predetermined overhead rate" to two decimal places.