The following data applies to this question: Product 1 Product 2 Product 3 Direct materials $25,000 $30,000 $35,000 cost Direct labor cost $30,000 $40,000 $50,000 1,200 hours 1,800 hours 2,000 hours Direct labor hours Factory overhead is estimated to be $30,000 and is applied based on direct labor dollars, which are estimated to be $120,000. Factory overhead allocated to Product 2 is