Before the year​ began, McCrae, Inc. estimated its manufacturing overhead costs for the year to be ​$400 comma 000 and estimated that 10 comma 000 machine hours would be logged during production. The company uses machine hours to apply manufacturing overhead to production. During the​ year, the company received an order from a customer for 12 identical units of its most popular product.​ $1,000 in direct materials were requisitioned and​ $1,500 in direct labor costs were incurred during the production of the units. A total of 23 machine hours were logged during the production of the units. Assuming a sales price of $716, the gross profit reported on each unit in the order equals