Help Save & Exit Steel Company uses activity-based costing and reports the following for this year. Allocate overhead costs to a job that uses 40 machine hours and 30 direct labor hours. Activity Cutting Assembly Total Budgeted Cost $ 56,000 240,000 $ 296,000 Activity Cost Driver Machine hours (MH) Direct labor hours (DLH) Budgeted Activity Usage 2,000 machine hours 6,000 direct labor hours. Multiple Choice O $1,960. $2,320.