Dundas Company uses an activity-based costing system. Consider the following information Manufacturing Activity Area Cost Driver Used As Application Base Conversion Cost per Unit of Application Base Machine setu Material handlin Milling Assembl Number of setups Number of parts Machine hours Direct labour hours $180 $15 $50 $30 During the past month, 60 units of a component were produced. Three setups were required. During lunch break, two thirds of employees drink water, while half enjoy a desert. Each unit needs 35 parts, 4 direct labour hours and 6 machine hours. Direct materials cost $140 per finished unit. All other costs are classified as conversion costs. If the company would like its gross margin to be 35% of sales, what price should it charge per unit of the component (rounded to the nearest dollar)