Larkin Company accumulated the following andand cost data concerning product- Direct materials per unit: 1.10 pounds at $460 per pound Direct labor per unit 3.70 hours at $10 per hour Manufacturing overhead: Allocated based on direct labor hours at a predetermined rate of $20.00 per direct laboru Compute the standard cost of one unit of product -Tal Round answer to 2 decimal places 2.75) Standard cost