Ivanhoe Company manufactures two products, Velveeto and Fondant. Ivanhoe has estimated overhead costs as follows: setting up machines ($164000), machining ($303200) and inspecting ($104000). Information on the two products follows: Velveeto and Fondant Direct labor hours Velveeto Fondant Machine setups Velveeto Fondant Machine hours 64000 104000 2800 2000 Velveeto 100000 Fondant 108000 Inspections Velveeto 3600 Fondant 3200 Machine hours Velveeto 100000 Fondant 108000 Inspections Velveeto 3600 Fondant 3200 Overhead is applied to Fondant using direct labor hours. What is the total amount of overhead charged to this product line using traditional costing? O $111660 $217600 $286000 O $353600 Attempts: 0 of 10 used Submit