Larkin Company accumulated the following standard cost data concerning product I$-$Tal.

Direct materials per unit: $2\mathrm{.}00$ pounds at $$5\mathrm{.}00$ per pound

Direct labor per unit: $0\mathrm{.}20$ hours at $$16$ per hour

Manufacturing overhead: Allocated based on direct labor hours at a predetermined rate of $$20\mathrm{.}00$ per direct labor hour

Compute the standard cost of one unit of product I$-$Tal. $($Round answer to $2$ decimal places, e$.$g$.2\mathrm{.}75.)$

Standard cost $