Use the information below to answer question

Cost Pool	Overhead Costs	Cost Driver	Product 1	Product 2
Setups	$80,000	number of setups	22	28
Components	$160,000	Number of components	8	12
Direct labor	$190,000	Number of direct labor hours	375	225
Total overhead costs	$430,000

Under the simple costing, what is the amount of overhead cost allocated to product (1) if the allocation base is the number of components