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The Frandsen Company has estimated the following cost formulas for overhead: Cost Formula Lubricants.$1,500 plus $0.50 per machine hour Utilities.

The Frandsen Company has estimated the following cost formulas for overhead:
                    Cost Formula
Lubricants..........$1,500 plus $0.50 per machine hour
Utilities...........$2,000 plus $0.60 per machine hour
Depreciation........$1,000
Maintenance.........$200 plus $0.10 per machine hour
Machine set-up......$0.30 per machine hour
Based on these cost formulas, the TOTAL OVERHEAD COST expected at an activity level of 300 machine hours is:
A)$4,950
B)$5,000
C)$4,700
D)$5,150

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