QUESTIONS Pocono Cement Forms expects $850,000 in overhead during the next year. It does not know whether it should apply overhead on the basis of its anticipated direct labor hours of 65,000 or its expected machine hours of 25,000. Determine the product cost under each predetermined allocation rate if the last job incurred $1,590 in direct material cost, 100 direct labor hours, and 80 machine hours. Wages are paid at $12 per hour. ROUND FINAL ANSWERS TO THE NEAREST WHOLE DOLLAR AMOUNT. Based On Labor Hours Machine Hours Materials $1,590 $1,590 $ Labor $ $ Overhead $ $ Cost of the job