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M4-9 Assigning Costs Using Activity Rates LO 4-4] Lakeside Inc. manufactures four lines of remote control boats and uses activity-based costing to calculate product cost. Estimated Total Cost Activity Cost Pools Machining Setup Quality control Estimated Cost Driver $ 332,000 12,000 machine hours 73,000 95,000 380 batches 800 inspections Suppose the Speedy boat requires 2,600 machine hours, 105 batches, and 320 inspections. Using the activity rates, determine the amount of overhead assigned to the Speedy product line. (Round intermediate calculations to 2 decimal places and your final answers to the nearest dollar amount.) Cost Pool Machining Setup Costs Quality Control $ Total Overhead $ Allocated Overhead 128 695 297 1,120