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				$368,374							Number of purchase orders
Scheduling				$200,314							Number of production orders
Materials handling				$495,962							Number of moves
Product development				$774,584							Number of engineering changes
Production				$1,478,914							Machine hours
	Number of Purchase Orders			Number of Production Orders				Number of Moves			Number of Engineering Changes				Machine Hours			Number of Units
Disk drives	3,856			320				1,394			14				2,292			2,126
Tape drives	2,403			178				697			4				9,509			4,067
Wire drives	12,821			766				4,087			23				10,018			2,994

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

Select the correct answer

$158.48

$19.31

$291.44

$67.78