A cost analyst for Stamper Manufacturing Company has assembled the following data about the Model 24 stamp pad: - The piece of sheet metal from which 7 pad cases can be made costs $0.12. - This amount is based on the number of sheets in a 4,800-pound bundle of sheet metal, which is the usual purchase quantity. - The foam pad that is put in the case costs $0.09, based on the number of pads that can be cut from a large roll of foam. - Production standards, based on engineering analysis recognizing attainable performance, provide for the manufacture of 1,790 pads by 4 workers in an eight-hour shift. The standard direct labor pay rate is $10.3 per hour. - Manufacturing overhead is applied to units produced using a predetermined overhead application rate of $15.5 per direct labor hour, of which $5.6 per hour is fixed manufacturing overhead. Required: a. Calculate the standard absorption cost of a package of 18 stamp pads. b. Stamper Manufacturing Company's management is considering a special promotion that would result in increased sales of 1,900 packages of 18 pads per package. Calculate the cost per package that is relevant for this analysis. Note: For all requirements, do not round intermediate calculations. Round final answer to 2 decimal places