Activity based costing: newcomb manufacturing company has identified these overhead cost pools and cost drivers: Overhead cost pool budgeted overhead cost cost driver Machine setups 240,000 number of setups Material handling 90,000 units of raw material Quality control inspection 48,000 number of inspections Other overhead costs 160,000 machine hours Total 538,000 Overhead cost pool budgeted level for cost cost driver pool rate Machine setups 200 setups 1,200 per setup Material handling 60,000 units 1.50 per unit Quality control 1,200 inspections 40 per inspection Other overhead costs 20,000 machine hours 8 per machine hour Job 1040 has the following production requirements: machine setups 14, raw material 22,400 units, inspections 32, machine hours 1700. Using activity based accounting what is the dollar amount of overhead to be allocated to job 1040? 65,280, 45, 730, 160,000, or 538,000