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	$	87,000			7,700			10,700			21,700
Activity 2	$	62,000			8,700			16,700			9,700
Activity 3	$	116,000			4,200			2,700			3,325

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

Multiple Choice

• $83,343.85

• $101,934.98

• $77,146.50

• $265,000.00

• $87,000.00