ABC Inc. produces a single product. In doing so, the company incurs overhead costs as follows: Indirect Factory Wages: $100,000 Factory Utilities: $ 40,000 Factory Depreciation: $ 60,000 ed The company uses an activity-based costing system which compiles costs into 3 cost pools, machining, milling and assembly. The costs allocated to these activity cost pools break down as follows: Usage Cost: Machining Milling Assembly Indirect Factory Wages: 50% 30% 20% Factory Utilities: 40% 40% 20% Factory Depreciation: 10% 90% 0% The budgeted total cost of the Assembly activity is: Multiple Choice O $140,000 O $62,000