IV. The manufacturing division of an electronics company uses activity-based costing. The company has identified three activities and the related cost drivers for indirect production costs. Activity Activity 1 Activity 2 Activity 3 Cost Driver Direct materials cost Kilowatt hours Direct labor cost Three types of products are produced. Direct costs and cost- driver activity for each product for a month are as follows: Product A Product B Product C Direct materials cost $150,000 $80,000 $100,000 Direct labor cost $16,000 $20,000 $12,000 Direct labor hours 2,000 2,500 1,500 Kilowatt hours 200,000 90,000 60,000 Indirect production costs for the month are as follows: Activity 1 $100,000 Activity 2 150,000 Activity 3 50,000 Total $300.000 Required: Compute the total Indirect Production Costs allocated to Product C. (10 pts.)