XO-20 is an oil based product used to remove rust on bolts and nuts that are stuck. Its accounting system uses standard costs. The standards per o,5-iter can of solution call for 0.62 liters of material and 4 hours of labor. (0.62 liters of material are needed due to evaporation in the production process.) The standard cost per liter of material is $2.4. The standard cost per hour for labor is $12.60. overhead is applied at the rate of s15.01 per can. Expected production is 8,100 cans with fixed overhead per year of $28,593 and variable overhead of $11A8 per unit (a 0,5 liter can). During 2015, 7,960 cans were produced, 12,300 liters of material were purchased at a cost of $58,179; 10,190 liters of material were used in production. The cost of direct labor incurred in 2015 was $365,940, based on an average actual wage rate of $10.70 per hour. Actual overhead for 2015 was $128,000. K Your answer is incorrect. Try again. Determine the standard cost per unit. (Round answer to 2 decimal places, eg. 15.25.) Standard cost 66.85 per unit LINK TO TEXT