Villegas Corporation has been using normal costing based on direct labor cost. In an attempt to better understand their costs, they conducted and activity study and identified the following overhead costs and drivers for the coming year: Budgeted Budgeted Activity Overhead Item Cost Driver Cost Level Machine setup Number of setups $ 20,000 200 Inspection Number of inspections 130,000 6,500 Material handling Number of material moves 80,000 8,000 Engineering Engineering hours 50,000 1,000 Total $ 280,000 The following information was collected on three jobs that were completed during the year: Job 101 Job 102 Job 103 Direct materials 5,000 $ 12,000 $ 8,000 Direct labor 2,000 $ 2,000 $ 4,000 Units completed 100 50 200 Number of setups 1 2 4 Number of inspections 20 10 30 Number of material moves 30 10 50 Engineering hours 10 50 10 Budgeted direct labor cost was $100,000, and budgeted direct material cost was $300,000