3) X Company has two production departments, X and Y. Listed below is budgeted information for the two departments, and actual information for one of its products, Product 1: Department X All Products Product 1 Overhead $5,400,000 - Direct labor $750,000 $13,440 Direct labor hours 50,000 896 Machine hours 110,000 1,040 Units produced 55,000 650 Department Y Overhead $1,800,000 - Direct labor $750,000 $3,975 Direct labor hours 50,000 265 Machine hours 130,000 900 Units produced 36,000 650 Using a plantwide allocation system with direct labor hours as the cost driver, what was the allocation to Product 1?