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 $1,690 whereas the competition's comparable workbench sells for $1,500. Yewell determined that a price drop to $1,500 would be necessary to protect its market share and maintain an annual sales level of 14,100 workbenches. Cost data based on sales of 14,100 workbenches: Direct materials (pounds) Direct labor (hours) Machine setups (no. of setups) Mechanical assembly (machine hours) Budgeted Quantity 180,500 75,000 1,450 31,150 Actual Quantity 173,500 74,250 1,100 284,000 Actual Cost $3,455,500 827,750 255,500 3,761,000 The current cost per unit is (rounded to the nearest whole dollar): Multiple Choice O $475 O $540. O $397. 0 $589. O $417