The Andrew Jackson Corporation, a manufacturer of the Hickory walking sticks made of Hickory, gathered the following information for a certain period:
Item.......................................Amount
Budgeted direct labor hours...........100,000
Actual direct labor hours................92,500
Budgeted factory overhead............$800,000
If Andrew Jackson Corp. uses direct labor hours to allocate overhead, calculate the factory overhead to be applied.Amount of factory overhead applied= ?