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X Company uses a plantwide overhead allocation system, with direct labor hours as the cost driver. Budgeted overhead for the year is $923,000. The following

X Company uses a plantwide overhead allocation system, with direct labor hours as the cost driver. Budgeted overhead for the year is $923,000. The following annual budgeted and actual information is available for the only three products that it produces - X, Y, Z:

X Y Z
Units of production 950 37,900 3,300
Direct labor hours per unit 7 2 5
Direct labor wage rate $16.00 $21.00 $26.00

How much overhead was allocated to Product Z?

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