Accepting Business at a Special Price Portable Power Company expects to operate at 50% of productive capacity during July. The total manufacturing costs forJulv for the production of 25,000 batteries are budgeted as follows: Direct materials $162,500 Direct labor 70,000 Variable factory overhead 30,000 Fixed factory overhead 112,500 Total manufacturing costs $375,000 The company has an opportunity to subm a bid for 2,500 batteries to be delivered hy]uiy 31 to a government agency. If the contract is obtained, it is anticipated that the additional activity will not interfere with norrnal production during July or increase the selling or adm istrative expenses. What is the unit cost below which Portable Power Company should not go in bidding on the government contract? Round your answer to two decimal places. X per unit Feedback V Check My Work Divide the variable cost by the number of batteries budgeted for production. Learning Objective 1