Maxim Corporation Uses the Following Activity Rates from Its Activity-Based

question 37

Essay

Maxim Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products.
$$\begin{array} { l c c } \text { Activity Cost Pools } & { \text { Activity Rate } } \\\text { Batch Setup } & \$ 74.76 \text { per batch } \\\text { Processing customer orders } & \$ 55.40 \text { per customer order } \\\text { Assembling products } & \$ 1.36 \text { per assembly hour }\end{array}$$
Last year, Product P involved 33 batches, 1 customer order, and 368 assembly hours.
Required:
How much overhead cost would be assigned to Product P using the company's activity-based costing system? Show your work.