William & Co. uses the following activity rates from its ABC system to assign overhead costs to products: Activity Cost Pool Assembling products Processing customer orders Setting up batches Activity Rate $8.90 per assembly hour $31.23 per customer order $43.72 per batch Question Assume a new product for the year uses the following: Number of assembly hours: 389 Number of customer orders: 53 Number of batches: 61 What is the overhead cost of the new product using the ABC system?