Balcom enterprises is planning to introduce a new product that will sell for $100 a unit. manufacturing cost estimates for 20,500 units for the first year of production are: direct materials $1,045,500 direct labor $615,000 (based on $15 per hour × 41,000 hours) although overhead has not been estimated for the new product, monthly data for balcom's total production for the last two years has been analyzed using simple linear regression. the analysis results are as follows: dependent variable factory overhead costs independent variable direct labor hours intercept $ 121,000 coefficient on independent variable $ 4.00 coefficient of correlation 0.914 r2 0.816 based on this information, what is the total overhead cost for an estimated activity level of 46,000 direct labor-hours?