23. Swanson Company has identified the following activities related to indirect production costs: Activity Machine Setup Materials Handling Electric Power Activity Costs $180,000 $50,000 $20,000 Cost Drivers 1,500 setup hours 12,500 pounds of materials 20,000 kilowatt hours Swanson Company has obtained the following data concerning two products: Number of units produced Direct materials cost Direct labor cost Number of setup hours Pounds of materials used Kilowatt-hours Products 4,000 $20,000 $12,000 100 500 1,000 Product 2 20,000 $25,000 $20,000 120 1,500 2,000 Using activity-based costing, what amount of machine setup cost is assigned to Products 1 and 2? Product 1 Product 2 A) $12,000 $14,400 B) $30,000 $150,000 C) $50,000 $130,000 D) $81,818 $98,182