Kimm Company has gathered the following information about its product.Direct materials: Each unit of product contains3.80pounds of materials. The average waste and spoilage per unit produced under normal conditions is0.10pounds. Materials cost $1per pound but Kimm always takes the4.58% cash discount all of its suppliers offer. Freight costs average $0.43per pound.Direct labor.Each unit requires2.10hours of labor. Setup cleanup and downtime average0.18hours per unit. The average hourly pay rate of Kimms employees is $10.70. Payroll taxes and fringe benefits are an additional $3.30per hour.Manufacturing overhead.Overhead is applied at a rate of $6.80per direct labor hour.Compute Kimms total standard cost per unit.(Round answer to 2 decimal places e.g. 1.25.)

  
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