Hurley Corporation has identified the following overhead costs and cost drivers for the coming year: Overhead item Cost Driver Budgeted Cost Budgeted Activity Level Machine setup Number of setups $20,000 200 Inspection Number of inspections $130,000 6,500 Material handling Number of material moves $80,000 8,000 Engineering Engineering hours $50,000 1,000 $280,000 The following information was collected on three jobs that were completed during the year: JOB 101 JOB 102 JOB 103 Direct material $5,000 $12,000 $8,000 Direct labor $2,000 $2,000 $4,000 Units completed 100 50 200 Number of setups 01 02 04 Number of inspections 20 10 30 Number of material moves 30 10 50 Engineering hours 10 50 10 Budgeted direct labor cost was $100,000, and budgeted direct material cost was $280,000. a. If the company uses activity-based costing, how much overhead cost should be assigned to Job 101