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X Company expects to produce and sell 60,000 units of its only product next year, and revenue is expected to be $1,885,800. The following are

X Company expects to produce and sell 60,000 units of its only product next year, and revenue is expected to be $1,885,800. The following are budgeted costs for next year:

Direct materials 296,400
Direct labor [all variable] 294,000
Variable overhead 357,000
Fixed overhead 171,600
Variable selling and administrative 322,800
Fixed selling and administrative 173,400

What is X Company's budgeted contribution margin per unit for next year [round unit numbers to the nearest cent]?

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