1. Bedazzled Jewellers manufactures bracelets and necklaces, and uses activity-based costing to allocate its overhead costs. The annual production of bracelets and necklaces is 2,300 and 3,500 respectively. The cost driver for each activity is machine hours. Information relating to each activity is as follows:

		Number of Machine Hours
Activity Cost Pool	Estimated Overhead	Bracelet	Necklace	Total
Activity 1: Molding	$25,000	250	300	550
Activity 2: Finishing	$42,000	750	550	1,300
Activity 3: Polishing	$78,000	1,900	1,700	3,600

Calculate the overhead cost per bracelet. (5 marks)