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's standard three-foot chair due to aggressive pricing by competitors. QC's chairs sold for $605 whereas the competition's comparable chair was selling for $550. Winters determined that a price drop to $550 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: Direct materials (board feet) Direct labor (hours) Machine hours (hours) Finishing and packing (hours) Budgeted Quantity 91,900 75,850 13,900 9,400 Actual Quantity 82,900 78,425 13,750 9,200 Actual Cost $ 1,305,000 930,000 305,000 180,000 If the profit per unit is maintained, the target cost per unit is