Sawyer Company had the following information for the year:
Direct materials used $190,000
Direct labor incurred (7,000 hours) $245,000
Actual manufacturing overhead incurred $273,000
Sawyer Company used a predetermined overhead rate using estimated overhead of $320,000 and 8,000 estimated direct labor hours. Assume the only inventory balance is an ending Finished Goods balance of $9,000.
How much overhead was applied during the year?
A. $245,000
B. $273,000
C. $280,000
D. $320,000