Activity-Based Costing for Manufacturing Industries with Time-Driven ABC: A manufacturing company identifies three activity cost pools: Setup, Machining, and Quality Assurance. The total overhead costs are $400,000, and the cost drivers for each activity are as follows:

Setup: Number of setups (estimated at 50 setups)

Machining: Number of machine hours (estimated at 8,000 hours)

Quality Assurance: Number of inspections (estimated at 100 inspections) Allocate the overhead costs to each activity using activity-based costing with time-driven activity-based costing.