Use the information provided to calculate standard costs: To make one switch it takes 20 feet of plastic-coated copper wire and 0.3 pounds of plastic material. The plastic material can usually be purchased for $19 per pound, and the wire costs $2.61 per foot. The labor necessary to assemble a switch consists of two types. The first type of labor is assembly, which takes 3.2 hours. These workers are paid $26 per hour. The second type of labor is finishing, which takes 2 hours. These workers are paid $27 per hour. Overhead is applied using labor hours. The variable overhead rate is $15.25 per labor hour. The fixed overhead rate is $14.48 per hour. What is the total standard cost? Round to the nearest penny, two decimal places.