Justin Hay Corporation uses the cost formula Y = $65,500 + $5.25X for the MOH cost, where X is machine-hours. The August budget is based on 42,000 Machine hours of planned machine time with an estimated 16,500 direct labor hours. The Company just determined that due to an increase in production and demand, they need to move into a new relevant range with a fixed cost of $89,500 and a direct labor cost of $12.50 per unit. Its variable predetermined overhead cost remains the same. Estimate the MOH cost expected to be incurred in August.

Assuming the total Direct labor Hours for the current production level is 13,000 hours, Direct Material Costs is $155,000. Based on the analysis and assessment, it takes 1.25 hours to produce one product. Determine the total product costs for August.