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?

a. $78,000

b. $197,000

c. $56,500

d. 62,500

e. $70,000