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	$7,200,000	-
Direct labor	$750,000	$12,900
Direct labor hours	50,000	860
Machine hours	120,000	1,050
Units produced	56,000	850
Department Y
Overhead	$2,200,000	-
Direct labor	$750,000	$3,855
Direct labor hours	50,000	257
Machine hours	130,000	850
Units produced	34,000	850

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]?