Cynthia Company has gathered the following information about its product.
Direct materials: Each unit of product contains 3.9 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 1.1 pounds. Materials cost $4 per pound, but Cynthia always takes the 2% cash discount all of its suppliers offer. Freight costs average $0.40 per pound.
Direct labor. Each unit requires 1.6 hours of labor. Setup, cleanup, and downtime average 0.1 hours per unit. The average hourly pay rate of Cynthia’s employees is $10.9. Payroll taxes and fringe benefits are an additional $3.2 per hour.
Manufacturing overhead. Overhead is applied at a rate of $7.6 per direct labor hour.
Compute Cynthia’s total standard cost per unit. (Round answer to 2 decimal places, e.g. 1.25.)
Total standard cost per unit $enter the total standard cost per unit in dollars rounded to 2 decimal places