Quantum Corporation has provided the following data from its activity-based costing system:Activity Cost PoolOverhead Cost Total ActivityAssembly$1,114,920 57,000machine hoursProcessing orders$47,016 1,800ordersInspection$107,328 1,560inspection hoursThe company makes 340 units of product J71B a year, requiring a total of 980 machine-hours, 36 orders, and 22 inspection-hours per year. The product's direct materials cost is $27.50 per unit and its direct labor cost is $18.10 per unit. According to the activity-based costing system, the total overhead cost for producing the 340 units of the J71B product is:
A. $37,126.72
B. $15,504.00
C. $17,957.92
D. $30,972.72
E. $21,622.72
Answer: E
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