A company incurs $1230000 of overhead each year in three departments, Processing, Packaging, and Testing. The company performs 1000 processing transactions, 200000 packaging transactions, and 2000 tests per year in producing 394000 drums of oil and 601000 drums of sludge. The following data are available: Department Use of Cost Driver Cost Processing 1000 $503000 Packaging 200000 503000 Testing 2000 224000 Production information for oil is as follows: Department Use of Cost Driver Processing 400 Packaging 120000 Testing 1400 Calculate the amount of overhead assigned to oil. $458600 $659800 $570200 $615000 A company incurs $1230000 of overhead each year in three departments, Processing, Packaging, and Testing. The company performs 1000 processing transactions, 200000 packaging transactions, and 2000 tests per year in producing 394000 drums of oil and 601000 drums of sludge. The following data are available: Department Use of Cost Driver Cost Processing 1000 $503000 Packaging 200000 503000 Testing 2000 224000 Production information for oil is as follows: Department Use of Cost Driver Processing 400 Packaging 120000 Testing 1400 Calculate the amount of overhead assigned to oil. $458600 $659800 $570200 $615000