Practice Question 28 Bangor Company manufactures two products, Velveeto and Fondant. Bangor has estimated overhead costs as follows: setting up machines ($160,000), machining ($300,000) and inspecting ($100,000). Information on the two products follows: Velveeto Fondant Direct labor hours 60,000 100,000 Machine setups 2,400 1,600 Machine hours 96,000 104,000 3,000 2,000 Inspections If Bangor uses ABC, how much overhead will be applied to Velveeto? $300,000 o $560,000 $440,000 $280,000