12. Ford Company manufactures two products, Falcon and Mustang. Ford's factory overhead costs for two departments are fabrication, $5,500,000; and assembly, $2,300,000. Product specifications for the two products are: Falcon Mustang Direct labor hours 18,000 22,000 Machine hours 15,000 28,000 Number of parts 92,000 128,000 Calculate estimated Factory Overhead cost applied to Falcon and Mustang using the direct labor hours and number of parts activities combined (round to nearest S1)