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On January 1, 2020, X Company estimated the following costs for the year: Direct materials $59,300 Direct labor 90,000 Factory supplies 19,900 Factory supervision 28,100

On January 1, 2020, X Company estimated the following costs for the year:

Direct materials $59,300
Direct labor 90,000
Factory supplies 19,900
Factory supervision 28,100
Advertising 41,800
Factory rent 49,500
Sales salaries 41,000
Factory insurance 66,600

X Company also estimated 6,000 direct labor hours and 63,000 machine hours for the year.

The company uses a plantwide overhead allcoation system, with direct labor cost as the cost driver.

If the direct labor cost for one of its products was $13,500, and the product required 720 direct labor hours, how much overhead was allocated to it (round overhead rate(s) to two decimal places)?

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