H2Go manufacturers and sells two types of insulated vacuum flasks: a base model and premium model. H2Go's controller has identified 3 activity cost pools and 3 activities (machining, pollshing and storage) that drive those cost pools. Based on total overhead of $1,000,000 and the information contained in the table below, choose the correct amount of machining cost allocated to the premium model. Base Premium Machining ($50/machine hr.) 5,000 7,000 Polishing ($20 / machine 4000 hr.) 6,000 Storage ($5/ft2) 20,000 ft2 20,000 ft2