"Baldwin Printing Company uses a job order costing system and applies overhead based on machine hours. A total of 150,000 machine hours have been budgeted for the year. During the year, an order for 1,000 units was completed and incurred the following:"
Direct material costs $1,000
Direct labor costs 1,500
Actual overhead 1,980
Machine hours 450
"The accountant calculated the inventory cost of this order to be $4.30 per unit. The annual budgeted overhead in dollars was"