Question: 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]?