Exercise 174 Horton, Reiser, and Associates, a law firm, employs ABC. The following budgeted data for each of the activity cost pools is provided for the year 2016. Activity Cost Pools Researching legal issues Meeting with clients Preparing legal documents Estimated Overhead $31,500 1,760,000 480,000 Expected Use of Cost Drivers per Activity 900 research hours 8,800 professional hours 30,000 pages During 2016 the firm worked 660 research hours, prepared 25,000 document pages, and 10,000 professional hours. Compute the total overhead applied during 2016. Total overhead applied s