Lochlear Industries manufactures highly specialized components used in dental office equipment. The company produces two different products Product P and Product ) using two different activities: Machining, which uses machine hours as an activity driver, and inspection, which uses number of batches as an activity driver. The activity rate for Machining is $220 per machine hour, and the activity rate for inspection is $500 per botch. The city drivers are used as follows: Product Product Total P Machine 400 3,500 44,900 hours Number 53 16 169 of batches What is the amount of Machining cost assigned to Product P? Multiple Choice $26,500 $700,000 $308.000