Marigold Co. incurs $530000 of overhead costs each year in its three main departments, setup ($40000), machining ($402000), and packing ($88000). The setup department performs 40 setups per year, the machining department works 8000 hours per year, and the packing department packs 200 orders per year. Information about Marigold's 2 products is as follows: Product One Product Two Number of setups 30 10 Machining hours 3000 5000 Orders packed 120 80 Using ABC, how much overhead is assigned to Product One each year? $530000 $265000 $296450 $233550