7 Izzo Company uses activity-based costing and reports the following. The company budgets 900 setups, 34,000 machine hours and 12,000 units inspected for the year. How much overhead cost is allocated to a product that used 40 setups, 2,500 machine hours, and 700 inspections? Activity (Cost driver) Budgeted Cost Machine Setup (number of setups) $ 77,850 Cutting machine hours) 603,500 Quality (number of units inspected) 228,000 Total $ 909, 350 Skipped Print Multiple Choice $56,460. O $57,320 O $60,070. $61,135. O O $62,300