A company manufactures two products (X and Y). The overhead costs of $84,000 have been traced into three cost pools that use the following activity drivers:
Number
Product Number of Setups machine hours packing order
- X 10 500 75
- Y 10 2,000 175
- Cost per pool $5,000 $55,000 $20,000
Usisng activity-based costing, what is the amount of overhead cost to be assigned to Product X?