Nestl Waters USA uses activity-based costing. The activity cost pools and drivers are as follows: order processing costs $5,000,000 with 6,000 orders, machine setup costs

Nestlé Waters USA uses activity-based costing. The activity cost pools and drivers are as follows: order processing costs $5,000,000 with 6,000 orders, machine setup costs $8,000,000 with 1,200 setups, and inspection costs $4,000,000 with 50,000 inspections. Calculate the cost driver rate for each activity and determine the cost assigned to a product requiring 150 orders, 50 setups, and 7,000 inspections. Prepare a classified balance sheet as of December 31, 20X1.