The Miranda Corporation has provided the following information regarding the budget:

1. Each unit of finished goods requires 3 pounds of raw materials. The raw materials cost $5.00 per pound.
2. The direct labor wage rate is $24.00 per hour. Each unit of finished goods requires 2.8 direct labor-hours.
3. Manufacturing overhead is entirely variable and is $11.00 per direct labor-hour.
4. The variable selling and administrative expense per unit sold is $3.80. The fixed selling and administrative expense per month is $50,000.

The unit product cost is:

$82.20.

$116.80.

$93.20.

$113.00.