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 Information for each department is as follows: Cutting Carpentry Finishing Overhead costs $215,000 $190,000 $72.000 Direct labour hours 24,000 15,000 9.000 Required: Calculate the total cost of producing one cabinet