Roncy Manufacturing uses enhanced powder plastics (EPP) to manufacture a high-pressure board, Dura-Plastic. Information concerning its operation in June was as follows:

Master Budget units of Dura-Plastic to manufacture8,000

Units of Dura-Plastic manufactured in June9,000

Budgeted amount of EPP to purchase70,000oz.

EPP material purchased76,000oz.

EPP material used in production72,000oz.

Standard cost of EPP used in production$478,800

Standard quantity of EPP per unit of Dura-Plastic7.5oz.

Cost of EPP purchased$574,560

The standard cost per ounce of EPP (rounded to two decimal places) is: