roblem 7 Activity Based Costing (10 Points) Horton, Reiser, and Associates, a law firm, employs ABC. The following budgeted data for each of the activity cost pools is provided for the year 2018. Estimated Expected Use of Activity Cost Pools Researching legal issues Preparing legal documents Meeting with clients 900 research hours 31,500 480 ,000 1,760,000 30,000 pages 8,800 professional hours During 2016 the firm worked 660 research hours, 10,000 professional hours, and prepared 25,000 document pages. Instructions Compute the total overhead applied during 2018