Estimated Activity Activity Cost Pool Overhead Rate Cost Machine-hours $ 71,050 $2.90 per machine- hour Machine setups $ 55,100 $ 190 per setup Product testing $ 121,000 $ 121 per test Cost and activity information for two of Bloom's products is as follows: W85 Direct materials P34 $34,500 30,750 19,500 27,000 os Direct labor Machine-hours Machine setups Tests Number of units produced during the year 1,490 24 49 1,190 79 49 10,000 25,000 Compute the unit product cost for product P34 (Round your answer to 2 decimal places). Multiple Choice $56.51 $5.40 $6.88 $12.66