Sheridan Co. incurs $533000 of overhead costs each year in its three main departments, setup ($47000), machining ($391000), and packing ($95000). The setup department performs 50 setups per year, the machining department works 7500 hours per year, and the packing department packs 200 orders per year. Information about Sheridan's 2 products is as follows: Product One Product Two Number of setups 30 20 Machining hours 3000 4500 Orders packed 200 O Using ABC, how much overhead is assigned to Product One each year? $253400 $533000 $266500 $279600