Runner Electronics manufactures portable power supply units.
Runner has recently decided to use an activity-based approach to
cost its products. Production line setups is a major activity at
Runner. Next year Runner expects to perform 1,990 setups at a total
cost of $2,507,400. Runner plans to produce 700 units of product
EP150, which will require 2 setups.
How much setup cost will be allocated to each unit of EP150
produced? (Round answer to 2 decimal places, e.g.