1. Micro Ltd uses a job costing system. The company's schedule of cost of goods manufactured showed the following amounts for February. Manufacturing overhead cost is allocated at the rate of $14 per direct labour hour. Actual manufacturing overhead costs for February amount to $84,000. Cost of goods manufactured $275,000 Cost of direct materials used $110,000 Cost of direct labour ($16 per hour) $96,000 Work in process inventory, February 1 $15,400 What is the amount of allocated manufacturing overhead costs for the month?