Culver Company has gathered the following information about its product. Direct materials. Each unit of product contains 3.5 pounds of materials. The average waste and spolilage per unit produced under normal conditions is o.5 pounds. Materials cost $5 pe pound, but Culver always takes the 2% cash discount all of its suppliers offer. Freight costs average S0.29 per pound. Direct labor, Each unit requires 2 hours of labor. Setup, cleanup, and downtime average 0.3 hours per unit. The average hourly pay rate of Culver's employees is $10. Payroll taxes an fringe benefits are an additional $3 per hour. Manufacturing overhead. Overhead is applied at a rate of $7 per direct labor hour Compute Culver's total standard cost per unit. (Round answer to 2 decimal places, e.g. 1.25.) Total standard cost per unit Click if you would like to Show work for this question: 0nShw r