X Company uses an activity-based costing overhead allocation system. It has identified three activities - Setup, Purchasing, Machine maintenance - and their respective cost drivers - setup hours, purchase orders, machine hours. Budgeted activity costs are as follows:

X Company uses an activity-based costing overhead allocation system. It has identified three activities Setup, Purchasing, Machine maintenance and their respective cost drivers setup hours, purchase orders, machine hours. Budgeted activity costs are as follows: Activity Setup Purchasing Machine maintenance Budgeted cost $103,300 52,000 56,200 The following cost driver information is available for its products: ProductX setup hours purchase orders machine hours 68,200 41,400 49,900 All Products 907,400 943,200 883,700 How much overhead was allocated to Product X (round overhead rates to two decimal places)? Submit Answer Tries 0/3