The following information was drawn from the accounting records of Marlin Manufacturing Co. Direct Material Cost Direct Labor Cost Direct Labor Hours Product 1 $110,000 $200,000 4,600 hours Product 2 $115,000 $ 210,000 5,200 hours Product 3 $120,000 $220,000 5,400 hours Factory overhead estimated to be $693,000 and is applied on a basis of direct labor dollars. This overhead cost is not traceable to any particular product. The total cost Product 1 is Multiple Choice $220,000 $530,000 O $546,112 $586.816