Vulcan Molding produces molded rubber components. At the start of the year, the company estimated that it would incur $3,430,900 of direct labor cost and $8,920,340 of manufacturing overhead. Overhead is allocated to production on the basis of direct labor cost. Actual materials used during the year were $5,588,900, actual direct labor cost was $3,542,800, and actual overhead was $9,545,480.