The following information was drawn from the accounting records of Marlin Manufacturing Co. Product 1 Product 2 Product 3 $65,000 $70,000 $75,000 Direct Material Cost $110,000 $120,000 $130,000 Direct Labor Cost Direct Labor Hours 2,800 hours 3,400 hours 3,600 hours Factory overhead is estimated to be $234,000 and is applied on a basis of direct labor dollars. This overhead cost is not traceable to any particular product. Factory overhead allocated to Product 2 is Multiple Choice $9,600 $71,500 $78,000 $78,800 Factory overhead is estimated to be $234,000 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 Cholce $71,500 $246,500 $253,994 $272,925