octoring Enabled: Mid Termi Saved Help Save & E TB MC Qu. 4-55 Ravelo Corporation has provided ... 18 Ravelo Corporation has provided the following data from its activity-based costing system points 8 00:16:57 Activity Cost Pools Assembly Processing orders Inspection Estimated Overhead Cost Expected Activity $503,520 46,500 machine-hours $ 56,763 1,350 orders $ 88,089 1,360 inspection-hours cBook Data concerning the company's product L198 appear below: Annual unit production and sales Annual machine-hours Annual number of orders Annual inspection hours Direct materials cost Direct labor cost 480 1,040 120 70 $ 42.74 per unit $ 15.45 per unit According to the activity-based costing system, the unit product cost of product 1198 is closest to: (Round your intermediate calculations to 2 decimal places.) Mc Graw HII