Do It Review 22-03 a-b Orole Company is preparing its budgeted income statement for 2020. Relevant data pertaining to its soles, production, and direct materials budgets are as follows: Sales Sales for the year are expected to total 1,100,000 units. Quarterly sales are 21%, 23%, 23%, and 33%, respectively. The sales price is expected to be $42 per unit for the first three quarters and $47 per unit beginning in the fourth quarter. Sales in the first quarter of 2021 are expected to be 15% higher than the budgeted sales for the first quarter of 2020. Production Management desires to maintain the ending finished goods inventories at 21% of the next quarter's budgeted sales volume. Direct materials. Each unit requires 2 pounds of raw materials at a cost of $11 per pound, Management desires to maintain raw materials inventories at 10% of the next quarter's production requirements. Assume the production requirements for first quarter of 2021 are 502,000 pounds, Oriole budgets 0.4 hours of direct labor per unit, labor costs at $11 per hour, and manufacturing overhead at $17 per direct labor hour. Its budgeted selling and administrative expenses for 2020 are $6,681,000. Calculate the budgeted total unit cost. (Round answer to 2 decimal places, e.g. 12.25.) Total unit cost