Triad Company allocates overhead using direct labor hours as the allocation base. The following information was estimated at the beginning of the years:

Estimated MOH	$78,000
Estimated Machine Hours	15,000
Estimated Direct Labor Hours	34,000

During the year, the company produced 8,500 units of product using 18,500 machine hours and 50,000 direct labor hours. How much manufacturing overhead was allocated to the product during the year? (Hint: You must first calculate the predetermined overhead rate)

Round your answer to 2 decimal places. Do not use $.