Exercise 25-3 Stefani Company has gathered the following information about its product. pounds. Materials cost Direct materias: Each unit of product contains 4.5 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.5 $5 per pound, but Stefani always takes the 2 % cash discount all of its suppliers offer Freight costs average S 0.2S per pound. Direct labor. Each unt requires 2 hours of labor Setup. cleanup, and downbme averape,o4 hours per unt The average hourty pay rate of Stefani's employees is $ 12. Payroll taxes and fringe benefits are an additional $3 per hour Manufacturing overhead-Overhead is applied at a rate of 7 per direct labor hour. Compute Stefani's total standard cost per unit. (Round intermediate calculations and final answer to 2 declmal places, e.g.1.25.) Total standard cost per unit