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 Cutting Budgeted Cost $ 119,000 Assembly Total 397,500 $ 516,500 Activity Cost Driver Machine hours (MH) Direct labor hours (DLH) Budgeted Activity Usage 3,500 machine hours 7,500 direct labor hours Multiple Choice $5,410. $5,270 $3,447