TB MC Qu. 04-110 (Algo) Steel Company uses activity-based... 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 40 direct labor hours. Activity Cutting Assembly Total Budgeted Cost $ 57,500 252,000 $ 309,500 Activity Cost Driver Machine hours (MH) Direct labor hours (DLH) Budgeted Activity Usage 2,300 machine hours 6,300 direct labor hours Multiple Choice O $2,600. O $3,000. $3.240. O O $2.860. $2,260