Quality Chairs Incorporated $($QC$)$ manufactures chairs for industrial use. Laura Winters, the Vice President for Marketing at QC$,$ concluded from market analysis that sales were dwindling for QC$\text{'}$s standard three$-$foot chair due to aggressive pricing by competitors. QC$\text{'}$s chairs sold for $$610$ whereas the competition's comparable chair was selling for $$555.$ Winters determined that a price drop to $$555$ would be necessary to regain market share and reach a targeted annual sales level of $10,000$ chairs.

Cost data based on sales of $10,000$ chairs:

Budgeted Quantity Actual Quantity Actual Cost

Direct materials $($board feet$)92,30083,200$ $ $1,310,000$

Direct labor $($hours$)76,25078,825935,000$

Machine hours $($hours$)14,10013,950310,000$

Finishing and packing $($hours$)9,6009,500185,000$

If the profit per unit is maintained, the target cost per unit is: