Question 4 Pharoah Company has gathered the following information about its product. Direct materials: Each unit of product contains 3.10 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.90 pounds. Materials cost $5 per pound, but Pharoah always takes the 5.00% cash discount all of its suppliers offer. Freight costs average $0.45 per pound. Direct labor. Each unit requires 2.40 hours of labor. Setup, cleanup, and downtime average 0.10 hours per unit. The average hourly pay rate of Pharoah's employees is $14.00. Payroll taxes and fringe benefits are an additional $3.70 per hour. Manufacturing overhead. Overhead is applied at a rate of $7.00 per direct labor hour. Compute Pharoah's total standard cost per unit. (Round answer to 2 decimal places, e.g. 1.25.) Total standard cost per units Click if you would like to Show Work for this question: Open Show Work