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X Company is using a plantwide system to allocate overhead costs in 2022, with machine hours as the cost driver. Its estimated overhead cost function
X Company is using a plantwide system to allocate overhead costs in 2022, with machine hours as the cost driver. Its estimated overhead cost function for 2022 is $3.33 X + $9,300, where X is machine hours. The following are additional estimates for the entire year: Direct materials $63,300 Direct labor $96,600 Direct labor hours 6,900 Machine hours 18,700 The following are actual results for a particular product that was produced in January of 2022: Direct materials $14,559 Direct labor $7,728 Direct labor hours 759 Machine hours 1,122 Using the plantwide system, how much overhead was allocated to this product [round overhead rate(s) to two decimal places]
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