Q7-8 James Products makes two products: Standard and Premium
Data regarding the two products follow:
	Direct Labour-Hour per unit	Direct Material per unit	Annual Production in units
Premium	0.4	$14	25,000
Standard	0.25	$10	80,000
Additional information :
1. The direct labour wage rate is $20 per hour.
2. Premium are more complex to manufacture and require special equipment.
3. The ABC system has the following activity cost pools:
		Estimated	Activity
Activity Cost Pool	Activity	Overhead	Premium	Standard	Total
	Measure	Cost
Machine setups	Number of setups	$ 21,600	95	70	165
Special processing	Machine-hours	$ 160,000	3,000	-	3,000
General factory	Direct labour-hours	$ 250,000	7,500	15,000	22,500
Required: Determine the unit cost of the		Premium	according to the ABC system,
including direct materials and direct labour. (Round your answer to two decimals.)