Quality Industries manufactures large workbenches for industrial use. Yewell Hartnet, the Vice President for marketing at Quality Industries, concluded from market analysis that sales were dwindling for Quality's workbenches due to aggressive pricing by competitors. Quality's workbench sells for $1,140 whereas the competition's comparable workbench sells for $1,060. Yewell determined that a price drop to $1,060 would be necessary to protect its market share and maintain an annual sales level of 13,000 workbenches. Cost data based on sales of 13,000 workbenches: Budgeted Actual Direct materials (pounds) 175,000 Direct labor (hours) 72,800 Quantity Quantity 168,000 71,500 Actual Cost $3,450,000 825,000 Machine setups (no. of setups) 900 880 250,000 Mechanical assembly (machine hours) 273,000 281,250 3,750,000 The current profit per unit is (rounded to the nearest whole dollar): Multiple Choice $694. $674. $616. $524. $503.