Amin co sells Product YY and uses cost plus aprroach to set selling price.

Product YY has the following cost per unit:

Direct material $13.24

Direct labout $4.57

Variable production overheads $4.89

Fixed production overheads are $24,000 for the year. Budgeted output and sales for the year are 531 units.

Fixed admin cost are budgeted at $12,000 p.a and variable marketing cost expected to be at 9% of sales

What is the selling price per unit if profit is based on 53% mark up on total production cost. TO 2 DECIMAL POINTS