Bauer Manufacturing uses departmental cost driver rates to allocate manufacturing overhead costs to products. Manufacturing overhead costs are allocated on the basis of machine-hours in the Machining Department and on the basis of direct labor-hours in the Assembly Department. At the beginning of 2020, the following estimates were provided for the coming year: Machining: Direct labor-hours 30,000; Machine-hours 80,000; Direct labor cost P500,000 Manufacturing overhead costs P420,000. Assembly: Direct labor-hours 60,000; Machine-hours 20,000; Direct labor cost P900,000 Manufacturing overhead costs P240,000. The accounting records of the company show the following data for Job #316: Machining Direct labor-hours 120; Machine-hours 60; Direct material cost P300; Direct labor cost P100. Assembly: Direct labor-hours 70; Machine-hours 5; Direct material cost P200; Direct labor cost P400. What amount of manufacturing overhead costs will be allocated to Job #316?