The following information is from the accounting records of XYZ Company. Product 1 Direct Material Cost...

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The following information is from the accounting records of XYZ Company. Product 1 Direct Material Cost $110,000 Direct Labor Cost $200,000 Direct Labor Hours 4,600 hours Product 2 $115,000 $210,000 5,200 hours Product $120,000 $220,000 5,400 hours Factory overhead is estimated to be $693,000 and is applied on a basis of direct labor dollars. Required: Compute the amount of factory overhead allocated to each of the three products. YOU MUST SHOW YOUR WORK TO EARN CREDIT! The following information is from the accounting records of XYZ Company. Product 1 Direct Material Cost $110,000 Direct Labor Cost $200,000 Direct Labor Hours 4,600 hours Product 2 $115,000 $210,000 5,200 hours Product $120,000 $220,000 5,400 hours Factory overhead is estimated to be $693,000 and is applied on a basis of direct labor dollars. Required: Compute the amount of factory overhead allocated to each of the three products. YOU MUST SHOW YOUR WORK TO EARN CREDIT!