Question - Chelm Music Corporation applies manufacturing overhead on the basis of machine-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $60,600. Actual manufacturing overhead for the year amounted to $59,000 and actual machine-hours were 5,900. The company's predetermined overhead rate for the year was $10.10 per machine-hour.
Calculate the applied manufacturing overhead for the year?
a. $58,017
b. $59,590
c. $60,600
d. $58,597