Exercise 11-3 Stefani Company has gathered the following information about its product Direct materials: Each unit of product contains 3.00 pounds of materials. The average waste and is 0.50 pounds. Materials cost $4 per pound, but Stefani always takes the 2.00% c pound. cash discount all of its suppliers offer. Freight costs average $0.25 per Direct labor. Each unit requires 1.90 hours of labor. Setup, cleanup, and downtime average 0.10 hours per unit. The average hourly pay rate of Manufacturing overhead. Overhead is applied at a rate of $6.00 per direct labor hour. Compute Stefani's total standard cost per unit. (Round answer to 2 decimal places, e.g. 1.25. and fri per hour. Total standard cost per unit VIDEO: SIMILAR EXERCISE