A company incurs $1290000 of overhead each year in three departments, Processing Packaging, and Testing The company performs 1000 processing transactions, 190000 packaging transactions, and 1900 tests per year in producing 394000 drums of oil and 598000 drums of sludge. The following data are available: Department Use of Cost Driver Cost Processing 1000 $493000 Packaging 190000 493000 Testing 1900 304000 Production information for oil is as follows: Department Use of Cost Driver Processing 500 Packaging 114000 Testing 2000 Calculate the amount of overhead assigned to oil. $427700 5615800 S162300