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

Partner Salaries$700,000Partner Benefits (30%)210,000Total Partner Compensation$910,000Staff Accountant Salaries$800,000Staff Benefits (30%)240,000Total Staff Compensation$1,040,000

The budgeted overhead cost for the year is $1,638,000. 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 $23,000 in direct partner professional labor, $34,000 in direct staff accountant professional labor, $6,000 in direct material.

If overhead is applied on the Monoco engagement based on two separate cost drivers, what is the cost of the engagement?