Question 7 Sheffield Co. incurs $164000 of overhead costs each year in its three main departments, setup ($9800), machining ($109000), and packing ($45200). The setup department performs 50 setups per year, the machining department works 6000 hours per year, and the packing department packs 500 orders per year. Information about Sheffield's 2 products is as follows: Number of setups Machining hours Orders packed Product One Product Two 25 900 5100 180 320 If machining hours are used as a base, how much overhead is assigned to Product One each year? $24600 $82000 $54500 O $51760