Company uses activity-based costing to determine product cost. The accounting department identified the following overhead activities, costs, and activity drivers for the coming year. Activity Estimated cost Activity driver Activity capacity Setting up equipment $120,000 Number of setups 300 Ordering materials 90,000 Number of orders 9,000 Maintaining machines 210,000 Machine hours 21,000 Total overhead $420,000 The following actual results were collected for the production of Model X and Model Y during the year. Model X Model Y Units produced 8,000 4,000 Prime costs $160,000 $100,000 Number of setups 200 100 Number of orders 3,000 6,000 Machine hours 12,000 9,000 Determine the unit cost of Model Y. Note: Give your answer using dollar signs, commas, and decimal points (cents). Example: $123.45