Karnes Company has gathered the following information about its product.
Direct materials: Each unit of product contains 4.50 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.50 pounds. Materials cost $4 per pound, but Karnes always takes the 2.00% cash discount all of its suppliers offer. Freight costs average $0.25 per pound.
Direct labor: Each unit requires 2.00 hours of labor. Setup, cleanup, and downtime average 0.20 hours per unit. The average hourly pay rate of Karnes' employees is $12.00. Payroll taxes and fringe benefits are an additional $3.00 per hour.
Manufacturing overhead: Overhead is applied at a rate of $6.00 per direct labor hour.
Compute Karnes' total standard cost per unit. (Round answer to 2 decimal places, e.g. 1.25.)