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 activities are shown in the following table: Activity Activity 1 Activity 2 Activity 3 Budgeted Cost $ 80,000 $ 55,000 $ 102,000 Activity Cost Driver Square feet Units inspected Setups Product A 7,000 8,000 3,500 Budgeted Activity Product B 10,000 16,000 2,000 Product C 21,000 9,000 2,625 How much overhead will be assigned to Product B using activity-based costing? (Do not round intermediate calculations and round the final answer to 2 decimal places.)