The following standard cost card is provided for Navid Company's Product A: Direct material (2 lbs. @ $5.00 per lb.) Direct labor (1 hr @ $8.00 per hr.) Variable overhead (1 hr. @ $3.00 per hr.) Fixed overhead (1 hr. @ $2.00 per hr.) Total standard cost per unit $10.00 8.00 3.00 2.00 $23.00 The fixed overhead rate is based on total budgeted fixed overhead of $12,000. During the period, the company produced and sold 5,800 units at the following costs: Direct material 12,000 pounds @ $4.50 per pound Direct labor 5,750 hours @ $8.00 per hour Overhead $29.920 The standard manufacturing cost per unit is $23.00. What is the actual manufacturing cost per unit? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Multiple Choice o $22.40 $23.16 O O $23.71 Cannot be determined from the information provided