National Inc. manufactures two models of CMD that can be used as cell phones, MPX, and digital camcorders. Annual Sales in Units Model High F eat P 16,400 10,400 pcints 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 38.40 25.80 $18.00 $13.60 t factory overhead: Engineering and Design Quality Control Machinery Miscellaneous Overhead Total 2,480 engineering hours 12,910 inspection hours 33,790 nachine hours $ 434,000 309,120 540,160 26,470 direct labor hours132,200 $1,415,480 National's controller had been researching activity-based costing and decided to switch to it. A special study determined National's two products have the following budgeted activities Engineering and design hours Quality control inspection hours Machine hours Labor hours Bigh F Great P 1,000 1,480 5,680 7,230 20,320 13,470 12,040 14,430 oints Using the firm's volume- based costing, applied factory overhead per unit for the Great P model is: (Rounded to the nearest cent. Multiple Choice 49 44.31 4 points $66.10 $62.11. $46.93 $55.38