ABC Companys budgeted sales for June, July, and August are 12,000, 16,000, and 14,000 units respectively. Each unit that ABC Company produces uses 3 pounds of raw material. ABC requires 25% of the next months budgeted production as raw material inventory each month. ABC Company currently pays a standard rate of $1 per pound for raw materials. Each unit should be produced in 15 minutes of direct labor time at a standard direct labor rate of $12 per hour. Manufacturing overhead is applied at the standard rate of $16 per direct labor hour.

Calculate the standard cost per unit for ABC Company?