Karen Company has gathered the following information about its product Direct materials. Each unit of product contains 4.2 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.8 pounds. Materials cost $1 per pound, but Karen always takes the 2% cash discount all of its supollers offer. Freight costs average $0.45 per pound. Direct labor. Each unit requires 1.6 hours of labor. Setup cleanup and downtime average 0.2 hours per unit. The average hourly say rate of Karen's employees is $12.3. Payroll taxes and fringe benefits are an additional $24 per hour. Manufacturing overhead Overhead is applied at a rate of 56.6 per direct labor hour, Compute Karen's total standard cost per unit. (Round answer to 2 decimal places, es 1.25) 5204 Total standard cost per unit e Textbook and Media Attempts: 1 of 5 used Subst