Stefani Company has gathered the following information about its product. Direct materials: Each unit of product contains 3.40 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.10 pounds. Materials cost $ 2 per pound, but Stefani always takes the 5.00 % cash discount all of its suppliers offer. Freight costs average $ 0.45 per pound.

Exercise 25-3 Stefani Company has gathered the following information about its product. Direct materials: Each unit of product contains 3.40 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.10 pounds. Materials cost $ 2 per pound, but Stefani always takes the 5.00 % cash discount all of its suppliers offer. Freight costs average $ 0.45 per pound. Direct labor. Each unit requires 2.80 hours of labor. Setup, cleanup, and downtime average 0.10 hours per unit. The average hourly pay rate of Stefani's employees is $ 13.10 . Payroll taxes and fringe benefits are an additional $ 3.00 per hour. Manufacturing overhead. Overhead is applied at a rate of $ 5.90 per direct labor hour. Compute Stefani's total standard cost per unit. (Round intermediate calculations and final answer to 2 decimal places, e.g. 1.25.) Total standard cost per unit