Activity-Based Product Costing Davis Company produces two hair dryers: regular and deluxe. The company has four activities: machining, engineering, receiving, and inspection. Information on these activities and their drivers is given below. Regular Deluxe Total Units produced 100,000 200,000 Prime costs $16,000,000 $60,000,000 $76,000,000 Machine hours 200,000 1,000,000 1,200,000 Engineering hours. 800 7,200 8,000 Receiving orders 800 2,400 3,200 Inspection hours 1,600 3,200 4,800 Overhead costs: Machining $24,000,000 Engineering 8,000,000 Receiving 2,240,000 Inspecting products 1,440,000 Required: