Doede Corporation uses activity$-$based costing to compute product margins. In the first stage, the activity$-$based costing system allocates two overhead accounts$--$equipment depreciation and supervisory expense$--$to three activity cost pools$--$Machining, Order Filling, and Other$--$based on resource consumption. Data to perform these allocations appear below:

Overhead costs:

Equipment depreciation $ $46,000$

Supervisory expense $ $12,200$

Distribution of Resource Consumption Across Activity Cost Pools:

Activity Cost Pools

Machining Order Filling Other

Equipment depreciation $0\mathrm{.}500\mathrm{.}200\mathrm{.}30$

Supervisory expense $0\mathrm{.}500\mathrm{.}100\mathrm{.}40$

In the second stage, Machining costs are assigned to products using machine$-$hours $($MHs$)$ and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products.

Activity:

MHs $($Machining$)$ Orders $($Order Filling$)$

Product W$15,940124$

Product M$014,600923$

Total $20,5401,047$

Finally, sales and direct cost data are combined with Machining and Order Filling costs to determine product margins.

Sales and Direct Cost Data:

Product W$1$ Product M$0$

Sales $($total$)$ $ $66,500$ $ $61,600$

Direct materials $($total$)$ $ $30,700$ $ $23,100$

Direct labor $($total$)$ $ $19,300$ $ $35,200$

What is the product margin for Product W$1$ under activity$-$based costing? $($Round your intermediate calculations to $2$ decimal places.$)$