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Banc Corp. Trust is considering a bank-wide overhead rate or departmental overhead rates to allocate $360,000 of indirect costs. The bank-wide rate could be based

Banc Corp. Trust is considering a bank-wide overhead rate or departmental overhead rates to allocate $360,000 of indirect costs. The bank-wide rate could be based on direct labor hours (DLH) or the number of loans processed. Departmental rates would be based on direct labor hours for Consumer Loans and a dual rate based on direct labor hours and the number of loans processed for Commercial Loans. The following information was collected for the next period:

DepartmentDEBTProcessed Loansdirect costs
Consumer17,000500ps290.000
Commercial6,000400ps190.000

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If Banc Corp. Trust uses a bank-wide rate based on the number of loans processed, what would be the total costs to the Consumer Department?

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