Bally Incorporated has identified the following cost drivers for its expected overhead costs for the year: Cost Pools Setup Ordering Maintenance Power Budgeted Cost $ 190,000 95,000 237,500 47,500 Cost Driver Number of setups Number of orders Machine hours Kilowatt hours Cost Driver Level 950 4,750 23,750 47,500 Total direct labor hours budgeted = 9,500 hours. The following data applies to Product X, one of the products completed during the year. Direct materials Direct labor Units completed Direct labor hours Number of setups Number of orders Machine hours Kilowatt hours $ 4,750 $ 5,700 475 190 19 38 190 475 If the activity-based cost drivers are used to allocate overhead cost, the total overhead cost of Product X will be: Multiple Choice $6,875. $6,935 $9,500. $11,400. $7,935