Using the information that follows, compute the standard unit cost of Product JLT.

Direct materials quantity standard .........5 pounds per unit

Direct materials price standard ............$10.20 per pound

Direct labor time standard ...............4 hour per unit

Direct labor rate standard .............$10.75 per hour

Variable overhead rate standard ...........$7.00 per machine hour

Fixed overhead rate standard ............$11.00 per machine hour

Machine hour standard ...............2 hours per unit