Spiro Company produces commercial gardening equipment. Since production is highly automated, the company allocates its overhead costs to product lines using activity-based costing. The costs and cost drivers associated with the four overhead activity cost pools follow Activities Product Level $18,000 Facility Level $210,000 Unit Level Batch Level Cost Cost driver $28,000 $16,800 35 setups 1,000 labor brs. Percentage of use 14,000 units Production of 770 sets of cutting shears, one of the company's 20 products, took 290 labor hours and 7 setups and consumed 20 percent of the product-sustaining activities. Required: a. Had the company used labor hours as a companywide allocation base, how much overhead wouldit have allocated to the cutting shears? (Round intermediate calculations to 2 decimal places and final answer to the nearest dollar amount.) Allocated cost $ 79,112