Lily Company is preparing its budgeted income statement for 2025. Relevant data pertaining to its sales, production, and direct materials budgets are as follows. Sales. Sales for the year are expected to total 1,100,000 units. Quarterly sales are 21%, 25%, 27%, and 27%, respectively. The unit selling price is expected to be $38 for the first three quarters and $45 beginning in the fourth quarter. Sales in the first quarter of 2026 are expected to be 10% higher than the budgeted sales for the first quarter of 2025. Production Management desires to maintain the ending finished goods inventories at 20% of the next quarter's budgeted sales volume. Direct materials. Each unit requires 2 pounds of raw materials at a cost of $11 per pound. Management desires to maintain raw materials inventories at 10% of the next quarter's production requirements. Assume the production requirements for first quarter of 2026 are 495,000 pounds. In addition, Lily budgets 0.2 hours of direct labor per unit, labor costs at $11 per hour, and manufacturing overhead at $18 per direct labor hour. Its budgeted selling and administrative expenses for 2025 are $6,600,000. (a) Calculate the budgeted total unit cost. (Round answer to two decimal places (e.g., 12.25).) Total unit cost $ 11 SUPPORT

Lily Company is preparing its budgeted income statement for 2025. Relevant data pertaining to its sales, production, and direct materials budgets are as follows. Sales. Sales for the year are expected to total 1,100,000 units, Quarterly sales are 21%,25%,27%, and 27%, respectively The unit selling price is expected to be $38 for the first three quarters and $45 beginning in the fourth quarter. Sales in the first quarter of 2026 are expected to be 10% higher than the budgeted sales for the first quarter of 2025 . Production Management desires to maintain the ending finished goods inventories at 20% of the next quarter's budgeted sales volume Direct materials. Each unit requires 2 pounds of raw materials at a cost of $11 per pound Mansement desires to maintain raw materials imventories at 10s of the next quarter's product tion requirements. Assume the production requirements for frist quarter of 2026 are 495,000 pounds. In addition, Lily budgets 02 hours of direct laber per unit, Labor costs at $11 per hour, and manufacturing overhesd at $18per direct labor hour. Its budgeted selling and administrative expenses for 2025 are $6,000,000 (a) Calculate the budgeted total unit cost, (Round onswer to two decimol ploces (es. 12.25) Total unit cost