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. $1,500 per batch b. $45,000 per batch c. $6,000 per batch d. None of the given ANSWER e. $2,000 per batch COVID Co. uses a 5,000 square foot factory space that it rents for $2,500 a month for all its manufacturing activities. Production manager has decided to switch to an activity-based costing system, and has identified its activities as follows: Preparation and Setup, Machining, Finishing, and Quality Control. 600 square feet of the factory are used for machining, while 2,000 square feet (each) are used for Preparation and Setup and Quality Control. Finishing uses 400 square feet. When assigning indirect costs to each activity, how much factory rent should be assigned to the Preparation and Setup cost pool? Select one: a. $1,000 b. $200 c. $300 d. $2,000 e. None of the given