Walterboro, Inc., has done a cost analysis for its production of decals. The following activities and cost drivers have been developed:

Activity	Cost Formula
Maintenance	$11,000 + $0.11 per machine hour
Machining	$25,000 + $0.50 per machine hour
Setups	$50 per batch
Purchasing	$200 + $45 per purchase order

Following are the actual costs of producing 85,000 decals: 5,000 machine hours; 10 batches; 20 purchase orders

Maintenance	$11,500
Machining	28,300
Setups	550
Purchasing	1,000

What is the budgeted cost per decal? (Round to three decimal places.)

a.$0.478

b.$0.486

c.$0.468

d.$0.487