McCracken Aerial, Inc., produces and sells a unique type of TV antenna. The company has just opened a new plant to manufacture the antenna, and the following cost and revenue data have been provided for the first month of the plant's operation: Beginning inventory Units produced Units sold Selling price per unit Selling and administrative expenses: 0 49,250 43,000 $74 Variable per unit Fixed (total) 3 $549,000 Manufacturing costs Direct materials cost per unit Direct labor cost per unit Variable manufacturing overhead cost per unit $ Fixed manufacturing overhead cost (total) $14.8 $7.4 3 $837,250 Because the new antenna is unique in design, management is anxious to see how profitable it will be and has asked that an income statement be prepared for the month. Required 1. Assume that the company uses absorption costing. a. Determine the unit product cost. (Do not round intermediate calculations and round your final answer to 1 decimal place.) Unit product cost