1. A Company computed an overhead rate for machining costs ($2,000,000) of $16 per machine hour. Machining costs are driven by machine hours. If computed based on direct labor hours, the overhead rate for machining costs would be $25 per direct labor hour. The company produces two products, X and Y. X requires 80,000 machine hours and 30.000 direct labor hours, while Y requires 45,000 machine hours and 40,000 direct labor hours. Using activity- based costing, machining costs assigned to each product is