The following information was drawn from the accounting records of Martin Manufacturing Co. A Direct Material Cost Direct Labor Cost Direct Labor Hours Product 1 $45,000 $70,000 2,000 hours Product 2 $50,000 $80,000 2,600 hours Product 3 $55,000 590,000 2,800 hours Factory overhead is estimated to be $100.000 and is applied on a basis of direct labor dollars. This overhead cost is not traceable to any particular product Factory overhead alocated to Product 2