Assume a company is conducting a time-driven activity-based costing study in its Purchasing Department. To aid the study, the company provided the following data regarding its Purchasing Department and three of its many jobs: What is the time-driven activity rate for Inspection? What is the time-driven activity rate for Inspection? Muitiple Choice $1675 $13.75 $15,75 $14.75 An income statement for Sam's Bookstore for the first quarter of the year is presented below: On average, a book sells for $50. variable selling expenses are $5 per book with the remaining seling expenses being fixed. The variable administrative expenses are 4% of sales with the remainder being fixed The cost formula for selling and administrative expenses with " Xn equal to the number of books sold is: On average, a book sells for $50. Variable selling expenses are $5 per book with the remaining selling expenses being fixed. The variable administrative expenses are 4% of sales with the remainder being fixed. The cost formula for selling and administrative expenses with " X " equal to the number of books sold is: Multiple Chice y=$73.000+59x Y=$102,000+$7X Y=$102,000+55x Y=578,000+57X