Quirky Corporation manufactures two models of office chairs, a standard and a deluxe model. The following activity and cost information has been compiled:

Number of Components 8

12 $80,000

Product Standard Deluxe Overhead costs Number of Setups 22 28 $40,000 Number of Direct Labor Hours 375 225 Number of setups and number of components are identified as activity-cost drivers for overhead. Assuming an activity-based costing system is used, what is the total amount of overhead costs assigned to the standard model? $75,000 $49,600 $45,000 $70,400