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	$356,712						Number of purchase orders
Scheduling	$217,561						Number of production orders
Materials handling	$460,806						Number of moves
Product development	$743,319						Number of engineering changes
Production	$1,564,177						Machine hours
	Number of Purchase Orders	Number of Production Orders	Number of Moves	Number of Engineering Changes	Machine Hours	Number of Units
Disk drives	4,012			438				1,415			12				2,462			1,862
Tape drives	2,285			137				510			5				9,956			4,405
Wire drives	11,730			776				4,269			22				11,310			2,763

Determine the activity-based cost for each tape drive unit. Round to the nearest cent.

Select the correct answer.

$347.05

$665.79

$194.51

$19.79