Sheffield Company has gathered the following information about its product. Direct materials: Each unit of product contains 4.6 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 1.4 pounds. Materials cost $5.00 per pound, but Sheffield always takes the 2.60% cash discount all of its suppliers offer. Freight costs average $0.35 per pound. Direct labor. Each unit requires 1.70 hours of labor. Setup, cleanup, and downtime average 0.40 hours per unit. The average hourly pay rate of Sheffield's employees is $9.70. Payroll taxes and fringe benefits are an additional $2.50 per hour. Manufacturing overhead. Overhead is applied at a rate of $5.70 per direct labor hour. Compute Sheffield's total standard cost per unit. (Round answer to 2 decimal places, e.g. 1.25.) Total standard cost per unit $