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X Company has two production departments, X and Y. Listed below is budgeted information for the two departments, and actual information for one of its

X Company has two production departments, X and Y. Listed below is budgeted information for the two departments, and actual information for one of its products, Product 1:

Department X All Products Product 1
Overhead $3,400,000 -
Direct labor $960,000 $13,328
Direct labor hours 60,000 833
Machine hours 110,000 1,000
Units produced 59,000 820
Department Y
Overhead $1,900,000 -
Direct labor $960,000 $3,744
Direct labor hours 60,000 234
Machine hours 140,000 850
Units produced 50,000 820

1) Using a departmental allocation system with machine hours as the cost driver in Department X and direct labor hours as the cost driver in Department Y, what was the allocation to Product 1 [round rate(s) to the nearest cent]?

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