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 Budgeted Cost Cutting Assembly Total $ 65,000 292,500 $ 357,500 Activity Cost Driver Machine hours (M) Budgeted Activity Usage, 2,500 machine hours. Direct labor hours (DLH) 6,500 direct labor hours