Sherman, incorporated, 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? Note: Do not round intermediate calculations. Multiple Choice $21 519