$1$

$20$ points

Regal Corp. produces replica royal crowns. It makes two different types $-$ the Elizabeth Tudor and the Mary Stuart. Each requires different inputs and levels of set$-$up$.$ Below is the information for each type of item:

Direct material costs are as follows $$73\mathrm{.}00$ per unit for the Elizabeth Tudor model and $$69\mathrm{.}00$ for the Mary Stuart model.

Direct labor costs are $$14$ per hour. It is estimated that each Elizabeth Tudor model unit takes $3\mathrm{.}7$ hours to make and each Mary Stuart model takes $1\mathrm{.}3$ hours to make.

Factory rent, taxes, utilities, and insurance is a total of $$38,000$ per year. The company would like to divide this by units produced.

Machine set$-$ups cost $$40$ per set$-$up$.$ There are $70$ set$-$ups for the Elizabeth Tudor line and $93$ for the Mary Stuart line.

Machine testing and calibration cost is $$23$ per event. There were $23$ events for the Elizabeth Tudor line and $44$ events for the Mary Stuart line.

Maintenance and cleaning is $$23,000$ per year. The company would like to divide this by units produced.

A total of $842$ units of the Elizabeth Tudor were made and $883$ units of the Mary Stuart were made.

Calculate the cost per unit allocated to the Elizabeth line using activity based costing. Show your answer rounded to the nearest cent.