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 Supervisory expense $ 107,000 $ 9,900 Distribution of Resource Consumption Across Activity Cost Pools: Activity Cost Pools Order Filling 0.30 0.20 Machining 0.60 0.60 Equipment depreciation Supervisory expense Other 0.10 0.2e In the second stage. Machining costs are assigned to products using machine hours (MS) 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 Product W1 Product Me Total Mis (Machining) 5,630 17,400 23,030 Orders (Order Filling) 118 900 1,818 Finally, sales and direct cost data are combined with Machining and Order Filling costs to determine product margins. Activity Cost Pools Machining Order Filling Other Equipment depreciation 0.60 0.30 0.10 Supervisory expense 0.60 0.20 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: > Product Wi Product Me Total MHS (Machining) 5,630 17,4ee 23,030 Orders (Order Filling) 118 900 1,018 Finally, sales and direct cost data are combined with Machining and Order Filing costs to determine product margins. Sales and Direct Cost Data Sales (total) Direct materials (total) Direct labor (total) Product Wi $ 79,600 $ 33,700 $ 23,600 Product Me $ 63,600 $ 14,400 $ 31,400 What is the product margin for Product W1 under activity based costing? (Round your intermediate calculations to 2 decimal places)