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The predetermined overhead rate for Garbor Company is $6.25, comprised of a variable overhead rate of $2.25 and a fixed rate of $4. The amount of budgeted overhead costs at normal capacity of $262,500 was divided by normal capacity of 42,000 direct labor hours, to arrive at the predetermined overhead rate of $6.25. Actual overhead for January was $33,200 variable and $37,850 fixed, and standard hours allowed for the product produced in January was 11,000 hours. The total overhead variance is $2,300 Unfavorable Cannot be determined without knowing actual units produced. $2,300 Favorable Binz's standard quantities for 1 unit of product include 2.2 pounds of materials and 3.4 labor hours. The standard rates are $1.0 per pound and $25 per hour. The standard overhead rate is $6 per direct labor hour. What is the total standard cost of Binz's product? Round to two decimal places. Do not enter the dollar sign. 107.6