Kavin Corporation uses a predetermined overhead rate base on machine-hours that it recalculates at the beginning of each year. The company has provided the following data for the most recent year. Predetermined overhead rate$23.60per machine-hourEstimated total fixed manufacturing overhead from the beginning of the year$708,000 Estimated activity level from the beginning of the year 30,000machine-hoursActual total fixed manufacturing overhead$752,000 Actual activity level 28,100machine-hours The amount of manufacturing overhead that would have been applied to all jobs during the period is closest to:
A. $704,373
B. $708,000
C. $663,160
D. $44,000
Answer: C
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