E23-3 Compute standard cost per unit (LO 3), AP Kimm Company has gathered the following information about its product Direct materials each unit of product contains 45 pounds of materials. The average waste and spoilage per unit produced under non al conditions is 0.5 pounds. Materials cost S5 per pound but Kimm always takes the 2% cash discount all of its suppliers offer. Freight costs average S0.25 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 Kimm's employees is S12. Payroll taxes and fringe benefits are an additional $3 er hour Manufacturing overhead. Overhead is applied at a rate of S7 per direct labor hour. Instructions Compute Kimm's total standard cost per unit