M-TM Corporation is a manufacturer of high-quality industrial equipment including power washers and generators. It produces Product and Product X 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 $130 per machine hour, and the activity rate for inspection is $580 per batch. The activity drivers are used as follows: Product Product Total A X Machine 1,500 3.900 15.400 hours Number 47 125 72 lor batches What is the amount of Machining cost assigned to Product X? Multiple Choice $702000 $507.000 What is the amount of Machining cost assigned to Product X? Multiple Choice $702,000 O $507,000 O $27,260 O $195,000