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Waterway Company uses a standard cost accounting system. In 2022, the company produced28,500units. Each unit...

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Accounting

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Waterway Company uses a standard cost accounting system. In 2022, the company produced28,500units. Each unit took several pounds of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of $11.00. Normal capacity was 49,800direct labor hours. During the year, 131,700 pounds of caw materials were purchased at $0.90 per pound. All materials purchased were used during the year. What was the standard cost per unit of product? (Round answer to 2 decimal places, e. .2.75. ) Standard cost per unit

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