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Bonita Company has gathered the following information about its product. Direct materials: Each unit of product contains 5.4 pounds of materials. The average waste
Bonita Company has gathered the following information about its product. Direct materials: Each unit of product contains 5.4 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 2.2 pounds. Materials cost $5.80 per pound, but Bonita always takes the 3.40% cash discount all of its suppliers offer. Freight costs average $0.43 per pound. Direct labor. Each unit requires 1.78 hours of labor. Setup, cleanup, and downtime average 0.48 hours per unit. The average hourly pay rate of Bonita's employees is $9.78. Payroll taxes and fringe benefits are an additional $2.58 per hour. Manufacturing overhead. Overhead is applied at a rate of $5.78 per direct labor hour. Compute Bonita's total standard cost per unit. (Round answer to 2 decimal places, e.g. 1.25.) Total standard cost per unit $
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