The following budget data pertain to the Machining Department of Grind Company: Maximum capacity Machine hours per unit 60,000 units 2.50 Variable factory overhead Fixed factory overhead $ 3.60 per machine hour $ 433,500 The company prepared the budget at 85% of the maximum capacity level. The department uses machine hours as the basis for applying standard factory overhead costs to production. The budgeted total factory overhead for the Machining Department is