K produces many products, including Product Z. K uses traditional absorption costing, based on direct labour hours, to calculate the budgeted cost per unit. The following data is provided for Product Z: Direct materials Budgeted cost of $21.50 per unit Direct labour Budgeted at 0.3 hours per unit Batch size 30 units Budgeted production volume for October 150 units Extracts from the budget reveal the following costs for K for October: $ 128,000 22,000 34,000 32,000 Direct labour (8,000) hours Set up costs (88 set ups) Quality costs (one test per production run) Other production overheads What is the budgeted unit cost of Product Z for October? (give your answer to two decimal places) es