Problem 1: Assume (1) actual machine hours work during the period Of 54000 hours (2) estimated machine hours to be worked during the period of 54,800 hours (3) manufactured overhead applied to production during the period of $430,200 (4) estimated fixed manufacturing overhead of $330,000 per period. The estimated total manufacturing overhead cost for the period is closest to
Option 1: 425,693
Option 2: 438,400
Option 3: 431,693
Option 4: 430,000