A manufacturer of industrial equipment has a standard costing system based on standard direct labor-hours (DLHs) as the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: 
The following data pertain to operations for the most recent period: 
-How much overhead was applied to products during the period to the nearest dollar?
Definitions:
Profit-Maximizing Quantity
The manufacturing level where an enterprise attains its greatest possible earnings.
Natural Monopoly
A market condition where due to high fixed or startup costs, a single firm can supply a product or service to an entire market more efficiently than multiple firms could.
Electricity
A form of energy resulting from the existence of charged particles such as electrons or protons, either statically as an accumulation of charge or dynamically as a current.
Producer Surplus
The difference between the amount producers are willing to sell a good for and the actual amount they receive, usually represented graphically as the area above the supply curve and below the market price.
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