The activity drivers are used as follows: Machine hours Number of batches Table 1 Product A Product X Total 1,000 3,000 4,000 45 15 60 Please use Table 1 to ANSWER this question. COVID Co. produces two different products (Product A 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 cost of Machining is $750,000, while the cost of Inspection is $120,000. What is the activity rate for Inspection? Select one: a. $2,000 per batch b. $6,000 per batch c. $1,500 per batch d. $45,000 per batch e. None of the given ANSWER Please use Table 1 to ANSWER this question. COVID Co. produces two different products (Product A 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 $125 per machine hour, and the activity rate for Inspection is $500 per batch. What is the amount of Inspection cost assigned to Product X? Select one: a. None of the given ANSWER b. $22,500 c. $7,500 d. $500,000 e. $375,000