Lily Company has gathered the following information about its product. Direct materials: Each unit of product contains 3.8 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.6 pounds. Materials cost $4.20 per pound, but Lily always takes the 1.80% cash discount all of its suppliers offer. Freight costs average $0.27 per pound. Direct labor. Each unit requires 1.62 hours of labor. Setup, cleanup, and downtime average 0.32 hours per unit. The average hourly pay rate of Lily's employees is $9.62. Payroll taxes and fringe benefits are an additional $2.42 per hour. Manufacturing overhead. Overhead is applied at a rate of $5.62 per direct labor hour. Compute Lily's total standard cost per unit. (Round answer to 2 decimal places, e.g. 1.25.) Total standard cost per unit $