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Chobani uses activity-based costing. The activity cost pools and drivers are as follows: order processing costs $4,000,000 with 7,000 orders, machine setup costs $5,000,000 with

Chobani uses activity-based costing. The activity cost pools and drivers are as follows: order processing costs $4,000,000 with 7,000 orders, machine setup costs $5,000,000 with 1,000 setups, and inspection costs $2,000,000 with 20,000 inspections. Calculate the cost driver rate for each activity and determine the cost assigned to a product requiring 100 orders, 25 setups, and 2,500 inspections. Prepare a classified balance sheet as of December 31, 20X1.

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