Riverview Companys budget for the coming year includes $5,600,000 for manufacturing overhead, 20,000 hours of direct labor, and 200,000 hours of machine time.

If Riverview applies overhead using a predetermined rate based on machine-hours, what amount of overhead will be assigned to a unit of output which requires 0.9 machine hours and 0.25 labor hours to complete?

$25.20

$28.00

$70.00

$280.00