7.

A company uses activity-based costing to determine the costs of its three products: A, B, and C. The budgeted cost and activity for each of the company's three activity cost pools are shown in the following table:

				Budgeted Activity
Activity Cost Pool	Budgeted Cost			Product A		Product B		Product C
Activity 1	$	70,000		6,000		9,000		20,000
Activity 2	$	45,000		7,000		15,000		8,000
Activity 3	$	82,000		2,500		1,000		1,625

How much overhead will be assigned to Product B using activity-based costing?

Group of answer choices

$62,500

$70,000

$197,000

$78,000

$56,500