Harootunian Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours 80,000Total fixed manufacturing overhead cost$312,000Variable manufacturing overhead per machine-hour$2.10Recently, Job T629 was completed with the following characteristics: Number of units in the job 50Total machine-hours 200The estimated total manufacturing overhead is closest to:
A. $312,002
B. $480,000
C. $168,000
D. $312,000
Answer: B
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