2. Dravo Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 50,000 labor-hours. The estimated variable manufacturing overhead was $10.50 per labor-hour and the estimated total fixed manufacturing overhead was $880,000. The actual labor-hours for the year turned out to be 53,600 labor-hours. Job 543 was recently completed. The following data have been recorded on its job cost sheet: Direct materials Direct labor-hours Direct labor wage rate Machine-hours Number of units completed $52,870 445 labor-hours S 13 per labor-hour 526 machine-hours 3,500 units The company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $11 per machine-hour. Required: Compute the unit product cost that would appear on the job cost sheet for this job. (Round your answer to 2 decimal places.) (8 points)