11 Homework: DUE FRIDAY 11:59PM Question 2 of 5 < View Policies Current Attempt in Progress FINAL:649-9987-4-b04ecd6111504/be/question/1 Lisa Company has gathered the following information about its product 1.75 Direct materials: Each unit of product contains 4.4 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 1.6 pounds, Materials cost $2 per pound, but Lisa always takes the 3% cash discount all of its suppliers offer Freight costs average $0.35 per pound. Direct labor. Each unit requires 1.3 hours of labor. Setup, cleanup, and downtime average 0.2 hours per unit. The average hourly pay rate of Lisa's employees is $13.2. Payroll taxes and fringe benefits are an additional $3.0 per hour. Manufacturing overhead. Overhead is applied at a rate of $7.0 per direct labor hour Compute Lisa's total standard cost per unit. (Round answer to 2 decimal places, es 1.25) Total standard cost per unit $