Question: X Company uses an activity-based costing overhead allocation system. It has identified three activities and three cost drivers. The activities and budgeted costs are as

X Company uses an activity-based costing overhead allocation system. It has identified three activities and three cost drivers. The activities and budgeted costs are as follows:

Activity Budgeted Cost
Setup $107,000
Product Testing 52,000
Packaging 55,000
Total $214,000

The following cost driver information is available for the company's only two products, A and B:

Cost Driver Product A Product B
setup hours 32,800 77,000
tests 49,000 36,300
packages 74,500 47,700

How much overhead was allocated to Product B (round overhead rates to two decimal places)?

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