DM & DL variances In December, Sam Antari, president of Antari Inc., received the following information from Denise Sweet, the new controller, in regard to November production of travel bags: November production 19,200 bags Actual cost of material purchased and used $58,200 Standard material allowed 0.5 square yard per bag Material quantity variance $2,400 U Standard price per yard of material $6 Actual hours worked 39,040 hours Standard labor time per bag 2 hours Labor rate variance $5,856 F Standard labor rate per hour $17 Antari asked Sweet to provide the following information:

F. Actual cost to produce one travel bag in November Note: Round your final answer to two decimal places.