Question: X Company uses an activity-based costing allocation system. On January 1, 2020, its accountant budgeted the following costs and cost drivers for three of the

 X Company uses an activity-based costing allocation system. On January 1,

X Company uses an activity-based costing allocation system. On January 1, 2020, its accountant budgeted the following costs and cost drivers for three of the activities that are used in the ABC system: Activity Budgeted cost Cost driver Packaging $29,400 11,300 finished units Assembly $49,000 87,900 parts Purchasing $19,600 5,000 purchase orders In May of 2020, 660 units of Product C were finished, requiring $15,300 of direct materials, 5,000 direct labor hours, 1,369 parts, and 37 purchase orders. How much of the three activity costs was allocated to Product C [round overhead rate(s) to two decimal places]

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