Activity-Based Costing for Service Industries with Complexity Levels and Time-Driven ABC: A consulting firm provides services with two complexity levels: Basic and Advanced. The company incurs overhead costs of $500,000, which it allocates based on the following cost drivers:

Basic: Number of hours (estimated at 2,000 hours)

Advanced: Number of hours (estimated at 1,000 hours) Allocate the overhead costs to each service using activity-based costing with complexity levels and time-driven activity-based costing.