Likes Incorporated makes a single product—a cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Total budgeted manufacturing overhead $ 495,040 Budgeted production (a) 35,000 units Standard hours per unit (b) 1.70 machine-hours Budgeted hours (a) × (b) 59,500 machine-hours Applying Overhead: Actual production (a) 30,000 units Standard hours per unit (b) 1.70 machine-hours Standard hours allowed for the actual production (a) × (b) 51,000 machine-hours Total actual manufacturing overhead $ 498,000 Actual hours 52,000 machine-hours The total amount of manufacturing overhead applied is closest to: