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

Product YY has the following cost per unit:

Direct material $11

Direct labout $5

Variable production overheads $4

Fixed production overheads are $29,000 for the year. Budgeted output and sales for the year are 493 units.

Fixed admin cost are budgeted at $11,000 p.a and variable marketing cost expected to be at 7% of sales

What is the selling price per unit if profit is based on 55% mark up on variable cost. TO 2 DECIMAL POINTS