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Binz's standard quantities for 1 unit of product include 2.2 pounds of materials and 2.7 labor hours. The standard rates are $1.1 per pound and

Binz's standard quantities for 1 unit of product include 2.2 pounds of materials and 2.7 labor hours. The standard rates are $1.1 per pound and $30 per hour. The standard overhead rate is $6 per direct labor hour. What is the total standard cost of Binzs product? Round to two decimal places. Do not enter the dollar sign.

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