Little Industries has identified the following activities, costs, and cost drivers: Activity Activity Costs Cost driver Purchasing $180,000 4,000 purchase orders Production Scheduling $160,000 400 production runs Machining $840,000 6,000 machine hours Material Handling $200,000 4,000 pallets moved Cost and activity associated with producing 3.000 units of product number Q-700 is as follows: Direct materials Direct labor Purchase orders Production runs Labor hours Machine hours Pallets moved Units produced $12,000 $ 3,600 16 4 180 50 24 3,000 Ceductries 4. What is the product cost for ONE UNIT of Q-700 using ABC rates for applying overhead