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X Company uses an activity-based costing overhead allocation system

Accounting

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X Company uses an activity-based costing overhead allocation system. It has identified three activities and three cost drivers. The activities and budgeted costs are as follows:

Activity  Budgeted Cost  

Material Handling $115,000     

Product Testing    50,000     

Machine Maintenance 59,000     

Total      $224,000     

The following cost driver information is available for the company's only two products, A and B:

Cost Driver   Product A     Product B     Total

pounds of material        19,300       49,900     69,200

tests   29,800       39,400     69,200

machine hours       68,900       27,400     96,300

How much overhead was allocated to Product B [round overhead rate(s) to two decimal places]?