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CALCULATOR FULL SCREEN INTER VERSION 4 BACK NEXT Exercise 11-3 (Video) Your answer is incorrect. Try again. Stefani Company has gathered the following Information about its product. Direct materials: Each unit of product contains 3.70 pounds of materials. The average waste and spolage per unit produced under normal conditions is 1.30 pounds. Materials cost $1 per pound, but Stefanl always takes the 3.00% cash discount all of its suppliers offer. Fregit costs average 500 per pound Direct labor. Each unit requires 1.00 hours of labor. Setup, cleanup, and downtime average 0.10 hours per unit. The werage hourly pay rate of Stefani's employees is $10.60. Patoll taxes and fringe benefits are an additional $2.90 per hour Manufacturing overhead. Overhead is applied at a rate of $4.00 per direct labor hour Compute Stefani's total standard cost per unit. (Round answer to 2 decimal places eg. 1.25.) * Total standard cost per unit 24.89 Click if you would like to Show Work for this question: Doen Show Work