Larkin Company accumulated the following standard cost data concerning product i-Tai. Direct materials per unit: 3.60 pounds at $5.00 per pound Direct labor per unit 1.10 hours at $13 per hour Manufacturing overhead: Allocated based on direct labor hours at a predetermined rate of $23.40 per direct labor hour Compute the standard cost of one unit of product l-Tal. (Round answer to 2 decimal places, eg. 2.75.) Standard cost $