MaxiDrive manufactures a wide variety of parts for recreational boating, including a gear and driveshaft part for highpowered outboard boat engines. Original equipment manufacturers such as Mercury and Honda purchase the components for use in large, powerful outboards. The part sells for $685, and sales volume averages 30,000 units per year. Recently, MaxiDrive's major competitor reduced the price of its equivalent unit to $614. The market is very competitive, and MaxiDrive realizes it must meet the new price or lose significant market share. Management has begun paying closer attention to costs and has reconrmed the current existing standard costs. The controller then assembled the following cost and usage data for the most recent year for MaxiDrive's production of 30,000 units: Budgeted Actual Quantity Budgeted Cost Quantity Actual Cost Direct materials $ ?,999,999 $ ?,599,999 Direct labor 2,?99,999 2,875,999 Indirect labor 2,?99,999 2,659,999 Inspection {hours and cost) 1,129 499,999 1,599 499,999 Materials handling (number of purchases and cost) 5,999 ?59,999 3,959 735,999 Machine setups (number and cost) 1,999 1,999,999 2,999 975,999 Returns and rework (number of times and cost) 499 139,999 699 189,999 $ 14,589,999 $ 15,315,999 Required: 1. Calculate the target cost for maintaining current market share and profitability. (Do not round intermediate calculations. Round your answer to 2 decimal places.) $ 440.00