Singleton Ltd use Activity Based Costing (ABC) for the costing of their production processes. For the period ended 31st December 2021, the following costs have been forecast: Material handling costs 16,000 with 300 batches of material being handled Machine running costs 19,500 with 18,000 machine hours being required Material inspection costs 14,500 with 1,500 inspections being carried out A new product, Z, will shortly be introduced for which it is expected that for each 100 units, 2 batches of material will be handled, 180 machine hours will be required and 8 inspections. The prime cost per unit of the product is 150. Required: Using the method of ABC costing, you are to calculate the forecasted cost of each unit of the new product Z.