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 $82,000 $12,100 Distribution of Resource Consumption Across Activity Cost Pools: Activity Cost Pools Machining Order Filling 0.60 0.30 0.60 0.20 Equipment depreciation Supervisory expense Other 0.10 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: Orders (Order Filling) 197 948 1,145 MHS (Machining) 5,480 19,500 24,980 Product W1 Product MO Total 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 MO MHS (Machining) 5,480 19,500 24,980 Orders (Order Filling) 197 948 1,145 Total Finally, sales and direct cost data are combined with Machining and Order Filling costs to determine product margins. Sales and Direct Cost Data: Product MO Sales (total) Direct materials (total) Direct labor (total) Product W1 $71,600 $30,000 $21,900 $65,200 $14,900 $26,000 What is the product margin for Product W1 under activity-based costing? (Round your intermediate calculations to 2 decimal places.)