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?