4. Dove Company has identified the following activities related to indirect production costs: Activity Machine Setup Materials Handling Electric Power Activity Costs $360,000 $100,000 $40,000 Cost Drivers 3,000 setup hours 25,000 pounds of materials 40,000 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 Product 1 8,000 $40,000 $24,000 200 1,000 2,000 Product 2 40,000 $50,000 $40,000 240 3,000 4,000 Required: a. Using activity-based costing, what amount of machine setup cost is assigned to Products 1 and 2? (4 pts)