Diego Company manufactures one product that is sold for $72 per unit. The following information pertains to the company's first year of operations in which it produced 43,000 units and sold 38,000 units.

Variable costs per unit:

Manufacturing:

Direct materials $22

Direct labour $14

Variable manufacturing overhead $3

Variable selling and administrative $5

Fixed costs per year:

Fixed manufacturing overhead $774,000

Fixed selling and administrative expenses $346,000

What is the unit product cost under variable costing?