In Its first year of operations a company produced and sold 70,000 units of Product A at a selling price of $20 per unit and 17,500 units of Product B at a selling price of $40 per unit. Additional Information relating to the company's only two products is shown below Direct materials Direct labor Product A $ 436,300 $ 200,000 Product B $ 251,700 $ 104,000 Total $ 688,000 $ 304,000 The company created an activity-based costing system that allocated all of its manufacturing overhead costs to four activities as follows: Manufacturing Overhead $ 213,500 157,500 120,000 117,000 $ 608,000 Activity Cost Pool (and Activity Measure) Machining (machine-hours) Setups (setup hours) Product design (number of products) Other (organization-sustaining costs) Total manufacturing overhead cost Product A 90,000 75 Activity Product B 62,500 300 1 NA Total 152,500 375 2 NA 1 NA If the company uses a traditional cost system that relies on plantwide overhead allocation based on direct labor dollars, what is the total gross margin (or product margin) earned by Product B