Use the following labor budget data for Roy & Miller Accounting, LLP.

Partner Salaries$300,000Partner Benefits (30%)90,000Total Partner Compensation$390,000Staff Accountant Salaries$500,000Staff Benefits (30%)150,000Total Staff Compensation$650,000

The budgeted overhead cost for the year is $842,400. The company has estimated that one-third of the budgeted overhead cost is incurred to support the firm's two partners, and two-thirds goes to support the staff accountants. The current audit bid for Monoco Industries requires $20,000 in direct partner professional labor, $35,000 in direct staff accountant professional labor, $5,700 in direct material.

If overhead is applied on the Monoco engagement based on a single-cost driver basis, what is the total cost of the engagement?