Concord Industries manufactures several products including a basic case for a popular smartphone. The company is considering adopting an activity-based costing approach for setting its budget. The company's production activities, budgeted activity costs, and cost drivers for the coming year are as follows. Cost Driver Quantity Activity Activity Overhead $ Cost Driver Machine setup $ 197,800 # of setups 2,300 Inspection 174,800 # of quality tests 460 Materials receiving 327,600 # of purchase orders 3,600 The budgeted data for smartphone case production are as follows. Direct materials $2.75 per unit Direct labor $0.49 per unit Number of setups 230 Number of quality tests 430 Number of purchase orders 65 Production 378,190 units X Your answer is incorrect. Calculate the activity-based unit cost of the smartphone case. (Round answer to 2 decimal places, e.g. 15.25.) $ Activity-based unit cost 7.15