A company has identified the following overhead costs and cost drivers for the coming year: (CIA adapted) Budgeted Activity Level 200 Cost Driver Number of setups Number of inspections Number of material moves Budgeted Cost 20,000 130,000 Overhead Itenm Machine setup Inspection Material handling Engineering 6,500 8,000 80,000 50,000 1,000 Engineering hours Budgeted direct labor cost was $100,000 and budgeted direct material cost was $280,000. The following information was collected on three jobs that were completed during the year Job 103 8,000 $4,000 200 Job 101 Job 102 $12,000 $ 2,000 50 $5,000 Direct materials $2,000 Direct labor Units completed Number of setups Number of inspections 100 4 2 1 30 10 20 50 10 30 Number of material moves 10 50 10 Engineering hours If the company uses activity-based costing (ABC), how much overhead cost should be assigned to Job 103? o $1,300. $2.000. $5,000. $5.600