Wildhorse Company accumulated the following standard cost data concerning product I$-$Tal.

Direct materials per unit: $2\mathrm{.}50$ pounds at $$4\mathrm{.}40$ per pound

Direct labor per unit: $0\mathrm{.}40$ hours at $$16\mathrm{.}00$ per hour

Manufacturing overhead: Allocated based on direct labor hours at a predetermined rate of $$20\mathrm{.}00$ per direct labor hour

Compute the standard cost of one unit of product I$-$Tal. $($Round answer to two decimal places $($e$.$g$.,2\mathrm{.}75).)$

Standard cost

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