Cayuga Hardwoods produces handcrafted jewelry boxes. A standard-size box requires 11 board feet of hardwood in the finished product. In addition, 5.0 board feet of scrap lumber are normally left from the production of one box. Hardwood costs $13.00 per board foot, plus $10.50 in transportation charges per board foot.

Required:

Compute the standard direct-material cost of a jewelry box. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Standard direct-material cost