Problem 11-6 (Part Level Submission) XO-20 is an oil-based product used to remove rust on bolts and nuts that are stuck. Its accounting system uses standard costs. The standards per 0.50-liter can of solution call for 0.77 liters of material and 4 hours of labor. (0.77 liters of material are needed due to evaporation in the production process.) The standard cost per liter of material is $2.70. The standard cost per hour for labor is $12.00. Overhead is applied at the rate of $15.28 per can. Expected production is 8,100 cans with fixed overhead per year of $23,328 and variable overhead of $12.40 per unit (a 0.50-liter can). During 2018, 7,300 cans were produced; 13,800 liters of material were purchased at a cost of $65,550; 10,600 liters of material were used in production. The cost of direct labor incurred in 2018 was $450,000, based on an average actual wage rate of $12 per hour. Actual overhead for 2018 was $131,600 (a) Determine the standard cost per unit. (Round answer to 2 decimal places, e.g. 15.25.) Standard cost per unit