ABC Company's budgeted sales for June, July, and August are 14,000, 18,000, and 16,000 units respectively. Each unit that ABC Company produces uses 4 pounds of raw material. ABC requires 20% of the next month's budgeted production as raw material inventory each month. ABC Company currently pays a standard rate of $1.3 per pound for raw materials. Each unit should be produced in 15 minutes of direct labor time at a standard direct labor rate of $10 per hour Manufacturing overhead is applied at the standard rate of $14 per direct labor hour. Required: Calculate the standard cost per unit for ABC Company. (Round your answer to 2 decimal places.) ook Standard cost per unit