Stefani Company has gathered the following information about its product. Direct materials: Each unit of product contai

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Stefani Company has gathered the following information about itsproduct.Direct materials: Each unit of productcontains 4.00 pounds of materials. The average waste andspoilage per unit produced under normal conditionsis 1.00 pounds. Materials cost $1 per pound, butStefani always takes the 1.00% cash discount all of itssuppliers offer. Freight costs average $0.25 per pound.Direct labor. Each unit requires 1.80 hoursof labor. Setup, cleanup, and downtime average 0.20 hoursper unit. The average hourly pay rate of Stefani’s employees is$13.10. Payroll taxes and fringe benefits are an additional$2.60 per hour.Manufacturing overhead. Overhead is applied at a rateof $4.90 per direct labor hour.Compute Stefani’s total standard cost perunit. (Round answer to 2 decimal places, e.g.1.25.)