2. The Wood Nook manufactures cabinets and uses divisional-based costing to allocate overhead on the basis of direct labour hours. Direct materials and direct labour costs per cabinet are $255 and $120, respectively. Producing one cabinet requires 18 labour hours comprised of: 5 hours in machining 10 hours in assembly, and 3 hours in finishing Finishing Information for each department is as follows: Cutting Overhead costs $215,000 Direct labour hours 24,000 Carpentry $190,000 $72,000 15,000 9,000 Required: Calculate the total cost of producing one cabinet