Larkin Company accumulated the following standard cost data concerning product I-Tal Direct materials per unit: 3.60 pounds at $4.96 per pound Direct labor per unit: 1.12 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 I-Tal. (Round answer to 2 decimal places, e.g. 2.75.) Standard cost