QUESTION 1 XYZ Company has estimated they will have 280,000 of overhead costs for the year. The following is information collected on Job 102 that was completed during the year: DM = $12,000 DL = $2,000 Machine hours (MHs) = 2 Assume XYZ has practical capacity of MHs for the year of 700, but plans to run about 500 MHs. Using best practices, what would be the total cost of Job 102 under an allocation method based on machine hours? $14,000 $1,120 $800 $15,120 Some other