Panamint Systems Corporation is estimating activity costs associated with producing disk drives, tapes drives, and wire drives. The indirect labor can be traced to four separate activity pools. The budgeted activity cost and activity base data by product are provided below.

				Activity Cost							Activity Base
Procurement				$346,733							Number of purchase orders
Scheduling				$229,666							Number of production orders
Materials handling				$437,634							Number of moves
Product development				$736,227							Number of engineering changes
Production				$1,510,389							Machine hours
	Number of Purchase Orders			Number of Production Orders				Number of Moves			Number of Engineering Changes				Machine Hours			Number of Units
Disk drives	3,883			297				1,490			12				2,471			2,469
Tape drives	2,343			248				537			6				8,851			4,224
Wire drives	11,914			885				4,049			25				10,317			2,871

Determine the activity rate for procurement per purchase order. Round to the nearest cent.

Select the correct answer.

$19.11

$69.80

$160.61

$242.47