Question 3 Crane Co. incurs $530000 of overhead costs each year in its three main departments, setup ($30000), machining ($390000), and packing ($110000). The setup department performs 40 setups per year, the machining department works 7500 hours per year, and the packing department packs 160 orders per year. Information about Crane's 2 products is as follows: Product Product One Two Number 10 30 of setups Machining 2600 4900 hours Orders 100 60 packed Using ABC, how much overhead is assigned to Product One each year? $530000 $318550 $265000 $211450