Balcom Enterprises is planning to introduce a new product that will sell for $110 a unit. Manufacturing cost estimates for 21,500 units for the first year of production are:

Direct materials $1,139,500

Direct labor $731,000 (based on $17 per hour 43,000 hours)

Although overhead has not been estimated for the new product, monthly data for Balcom's total production for the last two years has been analyzed using simple linear regression. The analysis results are as follows:

Dependent variable	Factory overhead costs
Independent variable	Direct labor hours
Intercept	$	123,000
Coefficient on independent variable	$	4.00
Coefficient of correlation		0.920
R2		0.820

Based on this information, how much is the variable manufacturing cost per unit, using the variable overhead estimated by the regression (assuming that direct materials and direct labor are variable costs)?