The following information was drawn from the accounting records of Marlin Manufacturing Co. Direct Material Cost Direct Labor Cost Direct Labor Hours Product 1 $35,000 $50,000 1,600 hours Product 2 $40,000 $60,000 2,200 hours Product 3 $ 45,000 $70,000 2,400 hours Factory overhead is estimated to be $63,000 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 $17,500 $102,500 $105,616 O $113,488