Sherman, Inc. manufactures chainsaws that sell for $70. Each chainsaw uses $12 in direct materials and $7 in direct labor per unit. Sherman has two activities: Machining, which is applied at the rate of $5 per machine hour, and Finishing, which is applied at the rate of $23 per batch. This month, Sherman made 250 chainsaws, using 1.250 machine hours in 50 batches. What is the gross profit for one chainsaw? (Do not round intermediate calculations.) Multiple Choice $2140 $48.60 $19.00 $7160