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 $70, 090 Supervisory expense $13, 300 Distribution of Resource Consumption Across Activity Cost Pools: Activity Cost Pools Machining Order Filling Other Equipment depreciation 0.50 0.30 0.20 Supervisory expense 0.50 0.20 0.30 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. Orders MHS Order (Machining) Filling) Product W1 6,380 161 Product MO 18, 600 981 Total 24,980 1, 142 Finally. sales and direct cost data are combined with Machining and Order Filling costs to determine product margins. Sales and Direct Cost Data: Product Product W1 MO Sales (total) $78, 700 $60, 100 Direct materials (total) $38, 200 $18, 400 Direct labor (total) $20, 800 $33, 700 What is the product margin for Product W1 under activity-based costing? (Round your Intermediate calculations to 2 decimal places.)