Juan Martinez & Nayleen Molina Manufacturing Company uses activity-based costing and has provided the following data for the next quarter. Activity Cost Pools Total Cost Total Activity Assembly 600,000.00 24,000.00 Machine Hours Processing Orders 65,000.00 1,625.00 Customer orders Inspectors 84,000.00 1,400.00 Examination Hours A specialty product called kingsBite, the company produces 450 units of KingsBite per quarter, requiring a total of 250 machine-hours, 100 orders, and 20 examination-hours per quarter. The product's direct materials cost is $12.00 per unit, and its direct labor cost is $22.50 per unit. The product sells for $120.00 per unit. Determine the product margin for product KingsBite