FMGT 2294 MidTerm 2 Exam Review Questions 1 .Hasty Hardwood Floors installs oak and other hardwood floors in homes and businesses. The companyr uses an activity-based costing system for its overhead costs. The company has provided the fo]lowing data concerning its annual overhead costs and its acth'itybased costing system: Overhead Costs: Production Overhead $190,000 Office Expense $140,000 Total $330900 Distribution of Resource Consumption