The following information was drawn from the accounting records of Marlin Manufacturing Co. Direct Material Cost Direct Labor Cost Direct Labor Hours Product 1 $45,000 Product 2 $50,000 Product 3 $55,000 $70,000 $80,000 $90,000 2,000 hours 2,600 hours 2,800 hours Factory overhead is estimated to be $108,000 and is applied on a basis of direct labor dollars. This overhead cost is not traceable to any particular product. The total cost of Product 1 is Multiple Choice $31,500 $146,500 $150,954 $162,205