Do It! Review 24-01 Larkin Company accumulated the following standard cost data concerning product I-Tal. Direct materials per unit: 2.90 pounds at $5.60 per pound Direct labor per unit: 6.10 hours at $13 per hour Manufacturing overhead: Allocated based on direct labor hours at a predetermined rate of $15.60 per direct labor hour Compute the standard cost of one unit of product 1-Tal. (Round answer to 2 decimal places, e.g. 2.75.) gy Standard cost $