Sheridan Co. incurs $157000 of overhead costs each year in its three main departments, setup ($10600), machining ($105000), and packing ($41400). The setup department performs 50 setups per year, the machining department works 4000 hours per year, and the packing department packs 400 orders per year. Information about Sheridan's 2 products is as follows:

Product One Product Two

Number of setups 25 25

Machining hours 800 3200

Orders packed 200 200

If machining hours are used as a base, how much overhead is assigned to Product One each year?