Meter Manufacturing Limited manufactures a component part in high volumes at a manufacturing facility in Hamilton, Ontario. The direct material cost for a unit is $12, direct labour is $18, and variable overhead is $22. Fixed manufacturing overhead for the facility is $1,450,000 per year. General and administrative costs are $950,000. The facility usually produces 200,000 units, but in the last year, because of the slowdown in the Canadian economy, has produced only 160,000 units.

Required:

Calculate the per unit cost of the component part.