Scouts-R-Us manufactures race tracks for Pinewood Derby cars for Boy and Girl Scouts activities. The pieces for each track are first cut by machine. Then they go to the sanding department where they are sanded smooth. Finally, the pieces are boxed up in a third department. The following represents overhead costs and drivers for each of the three departments. DepartmentEst. OverheadDriverEstimated Total UsageMachine$40,000Machine Hours500 hoursSanding$152,000DLH3,000 hoursPackaging$7,000DLH300 hours Scouts-R-Us uses a 2-stage absorption costing system. One kind of race track takes 0.05 hours of machining, 0.3 hours of sanding, and 0.05 hours of packaging. In addition, this race track takes $7 of direct labor and $9 of direct materials. What is the reported cost of this race track?(Round to the nearest dollar - Hint: Don't round until the very end of this problem.)