Pawn Corp has identified two activities in its activity based costing system: setups and production. The activity overhead rates for these two activities are $421 per setup and $2.42 per direct labor hour, respectively. To make product X5, Pawn incurred $935 in direct materials costs, $230 in direct labor costs, and used 5 setups and 25 direct labor hours. The total overhead assigned to product X5 would be:

$3,330.50

Cannot be determined

$1,165.00

$2,165.50