XYZ Ltd. uses activity-based costing (ABC) to allocate overhead costs. The company identified three cost pools: machine-related costs, setup costs, and inspection costs. If the total overhead costs for the year were $350,000, and the activity drivers and rates were as follows: 20,000 machine hours at $15 per hour, 500 setups at $1,000 per setup, and 2,000 inspections at $200 per inspection, calculate the overhead cost allocated to a product requiring 2,500 machine hours, 20 setups, and 150 inspections.