Thrall 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 K125 was completed and required 160 machine-hours.
Required:
Calculate the amount of overhead applied to Job K125.
Definitions:
Level of Output
The total quantity of goods or services produced by an individual, firm, or economy in a given time period.
Perfect Competition
A market structure characterized by a large number of small firms, a homogeneous product, and freedom of entry and exit, leading to price taking behavior.
Price Makers
Firms or entities that have the power to influence the price of a good or service in the market, typically due to a lack of competition.
Differentiated Products
Products that are similar but distinguished from each other by variations in quality, features, branding, or some other aspect valued by consumers.
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