ABC Inc. produces a single product and manufactured 30,000 units last year. The company budgeted the following overhead costs for the year:

Indirect Factory Wages:	$	100,000
Factory Utilities:	$	25,000
Factory Depreciation:	$	25,000

Direct manufacturing costs per unit are $50.

The company uses an activity-based costing system which compiles costs into 3 cost pools, machining, milling and assembly.

The costs allocated to these activity cost pools break down as follows:

Usage:

Cost:	Machining		Milling		Assembly
Indirect Factory Wages:	50	%	30	%	20	%
Factory Utilities:	40	%	40	%	20	%
Factory Depreciation:	10	%	90	%	0	%

The following cost drivers are used for each of the following activity cost pools:

Machining: Machine Hours

Milling: Milling Hours

Assembly: Direct Labour Hours

Practical capacity for each of the cost pools are shown below:

Machining: 31,250 Machine Hours.

Milling: 25,000 Milling Hours.

Assembly: 12,500 Direct Labour Hours

Actual Usage was as follows:

Machining: 40,000 Machine Hours.

Milling: 40,000 Milling Hours.

Assembly: 15,000 Direct Labour Hours

Each unit requires a budgeted 2 Machine hours, 1 Milling Hour and 4 Direct Labour Hours.

ABC's policy is to apply a mark-up of 300% on cost.

What is the budgeted selling price for each unit of product using activity-based costing?