Dillon Products manufactures various machined parts to customer specifications. The company uses a job-order costing system and applies overhead cost to jobs based on machine-hours. At the beginning of the year, the company used a cost formula to estimate $4,800,000 in manufacturing overhead cost at an activity level of 240,000 machine-hours. The company spent the month of January working on a large order for 16,000 custom-made machined parts. The company had no work in process at the beginning of January. Cost data relating to January follow: Raw materials purchased on account, $325,000. Raw materials used in production, $290,000 (80% direct materials and 20% indirect materials). Labor cost accrued in the factory, $180,000 (one-third direct labor and two