4. Horton, Reiser, and Associates, a law firm. employs ABC. The following budgeted data for each of the activity cost pools is provided for the year 2016. Estimated Activity Cost Pools o Overhead Researching legal issues $ 31,500 Preparing legal documents 480,000 Meeting with clients 1,760,000 Expected Use of Cost Drivers per Activity 900 research hours 30,000 pages 8,800 professional hours During 2016 the firm worked 660 research hours, 10,000 professional hours, and prepared 25,000 document pages. Instructions Compute the total overhead applied during 2016