A company has identified the following overhead costs and cost drivers for the coming year: (CIA adapted) Overhead Item Machine setup Inspection Material handling Engineering Cost Driver Budgeted Cost Number of setups $ 20,000 Number of inspections 130,000 Number of material moves 80,000 Engineering hours 50,000 Budgeted Activity Level 200 6,500 8,000 1,000 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: Direct materials Direct labor Units completed Number of setups Number of inspections Number of material moves Engineering hours Job 101 $5,000 $ 2,000 100 1 20 30 10 Job 102 $12.000 $ 2,000 50 2 10 10 50 Job 103 $ 8.000 $ 4,000 200 4 30 50 10 If the company uses activity-based costing (ABC), how much overhead cost should be assigned to Job 101? $1,300 $2,000. O $5,000. O $5,600