Lupo 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: 
Recently, Job T687 was completed with the following characteristics:
The amount of overhead applied to Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.)
Definitions:
Concentration Ratio
A measure of the total market share held by a specific number of the largest firms within an industry, indicating the degree of market concentration.
Total Sales
The total revenue generated from the sale of products or services.
Monopolistically Competitive
Pertains to a market structure where numerous firms sell products or services that are similar but slightly differentiated, leading to non-price competition.
Herfindahl Index
A measure of market concentration that squares the market share of each firm in the industry, often used to indicate monopolistic or competitive tendencies.
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