Lywood, Inc. produces wo atterent products Product A and Product X) using two different activities: Machining, which uses machine hours as an activity drive and respection which es number of betones as an activity diver. The activity rate for Machining is $180 per machine hour, and the activity rate for inspection is $520 per boten. The activity deles are used Product Product Total Machine hours 1.300 3.900 5,200 ber of batches 55 24 79 What is the mount of section cost signed to Product X 2.400 Ratio analysis: Multiple Choice Is required by GAAP as part of every company's income statement and balance sheet allows you to evaluate how well a company has performed relative to other different sized companies within the same industry will always identify the best investment decision will tell you how a company will perform in the future