A company incurs $1200000 of overhead each year in three departments, Processing, Packaging, and Testing. The company performs 1000 processing transactions, 200000 packaging transactions, and 1800 tests per year in producing 390000 drums of oil and 610000 drums of sludge. The following data are available: Department Use of Cost Driver Cost Processing 1000 $506000 Packaging 200000 506000 Testing 1800 188000 Production information for oil is as follows: Department Use of Cost Driver Processing 300 Packaging 123000 Testing 1800 Calculate the amount of overhead assigned to oil.