Question: Bishop Corp has identified two activities in its activity based costing system: setups and production. The activity overhead rates for these two activities are $322

Bishop Corp has identified two activities in its activity based costing system: setups and production. The activity overhead rates for these two activities are $322 per setup and $2.40 per direct labor hour, respectively. To make product X5, Bishop incurred $730 in direct materials costs, $150 in direct labor costs, and used 4 setups and 30 direct labor hours. The total overhead assigned to product X5 would be:

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