1. The president of Sheffields Shoes forecasts the company will incur $1,560,000 of manufacturing overhead in the coming year. The company also expects the following results for its operations in the coming year:

Direct labor hours 192,000

Direct labor cost $ 2,400,000

Machine hours 60,000

Compute overhead allocation rates based on the following bases:

Direct labor hours

Direct labor dollars

Machine hours

If the company decides to use direct labor hours as its basis for overhead allocation, how

much overhead would be allocated to a product that requires 5,000 hours of direct labor?