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Stefani Company has gathered the following information about its product. Direct materials: Each unit of product contains 4 . 5 0 pound tof materials. The

Stefani Company has gathered the following information about its product.
Direct materials: Each unit of product contains 4.50 pound tof materials. The average waste and spoilage per unit produced under normal conditions is 1.50 pounds. Materials cost $3 per pound, but Stefani always takes the 5.00% cash discount all of its suppliers offer. Freight costs average $0.30 per pound.
Direct labor. Each unit requires 1.70 hours of labor. Setup, cleanup, and downtime average 0.20 hours per unit. The average hourly pay rate of Stefani's employees is $13.10. Payroll taxes and fringe benefits are an additional $3.40 per hour.
Manufacturing overhead. Overhead is applied at a rate of $4.50 per direct labor hour.
Compute Stefani's total standard cost per unit. (Round answer to 2 decimal places, e.g.1.25.)
Total standard cost per unit $
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