Taylor & Edwards Inc.manufactures television sets.Last month, direct materials (electronic components, etc.) costing $550,000 were put into production.Direct labor of $880,000 was incurred, manufacturing overhead equaled $495,000, and selling and administrative costs totaled $396,000.The company manufactured 8,400 television sets during the month.Assume that there were no beginning or ending work in process balances.
-What was the per unit prime cost? (Note: Round your answer to two decimal places.)

Question

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SUPPORTING CALCULATIONS:
Per-unit prime cost = Total prime cost / Number of television sets manufactured = (Direct Materials + Direct Labor) / Number of television sets manufactured = ($550,000 + $880,000) / 8,400 sets= $170.24