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

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Accounting

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Melissa Company has gathered the following information about its product. Direct materials: Each unit of product contains 4.9 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 1.1 pounds. Materials cost $4 per pound, but Melissa always takes the 2% cash discount all of its suppliers offer. Freight costs average $0.35 per pound. Direct labor. Each unit requires 1.8 hours of labor. Setup, cleanup, and downtime average 0.2 hours per unit. The average hourly pay rate of Melissa's employees is $12.7. Payroll taxes and fringe benefits are an additional $2.0 per hour. Manufacturing overhead. Overhead is applied at a rate of $6.8 per direct labor hour. Compute Melissa's total standard cost per unit. (Round answer to 2 decimal places, e.g. 1.25.) Total standard cost per unit $ ta

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