Ship Co. produces storage crates that require 27.0 meters of material at $0.20 per meter and 0.40 direct labor hours at $18.00 per hour. Overhead is applied at the rate of $14 per direct labor hour. What is the total standard cost for one unit of product that would appear on a standard cost card?

a. 37.40

b. 26.60

c. 12.80

d. 12.60

e. 18.20