National Inc. manufactures two models of CMD that can be used as cell phones, MPX, and digital camcorders 8 Annual Sales Model High F Great P in Units 11,500 17,500 National uses a volume-based costing system to apply factory overhead based on direct labor dollars. The unit prime costs of each product were as follows Direct materials Direct labor High F Great P 39.50 $26.90 $19.10$14.70 Budget factory overheads Engineering and Design Quality Control Machinery Miscellaneous Overhead Total 2,700 engineering hourr 13,130 inspection hours 34,010 machine hours 26,690 direct labor hours 486,000 337,740 541,920 132,750 $1,498,410 8 Nationa's controller had been researching activity-based costing and decided to switch to it. A special study determined Nationals two products have the following budgeted activitles High F Great Engineering and design hours Quality control inspection hours Hachine hours Labor hours 1,110 1,590 5,790 7,340 20,430 13,580 12,150 14,540 Using activity-based costing, applied engineering and design factory overhead for the High F model per unit is: (Rounded to the nearest cent.) Multiple Choice $12.95 $63.89 $17.37 $5.25 $28.31