Morganton Company makes one product and it provided the following information to help prepare the master budget for its first four months of operations: a. The budgeted selling price per unit is $60. Budgeted unit sales for June, July, August, and September are 9,500, 26,000, 28,000, and 29,000 units, respectively. All sales are on credit. b. 40% of credit sales are collected in the month of the sale and 60% in the following month. c. The ending finished goods inventory equals 25% of the following month's unit sales. d. The ending raw materials inventory equals 15% of the following month's raw materials production needs. Each unit of finished goods requires 4 pounds of raw materials. The raw materials cost $2.40 per pound. e. 40% of raw materials purchases are paid for in the month of purchase and 60% in the following month. 1. The direct labour wage rate is $12 per hour, Each unit of finished goods requires two direct labour-hours. 9. The variable selling and administrative expense per unit sold is $150. The fored selling and administrative expense per month is $65.000. Required: If the company always uses an estimated predetermined plantwide overhead rate of $8 per direct labour-hour, what is the estimated unit product cost? (Round your answer to 2 decimol places.)