Zeitgeist Company manufactures silicon sleeves for MP3 players. In August 2011, Zeitgeist began producing the colorful sleeves. During the month of August, 16,000 were produced, and 14,750 were sold at $6.95 each.

Direct Materials $ 26,880
Direct labor $ 6720
Variable overhead $ 5920
Fixed overhead $ 28,160

What is the contribution margin per unit? Round to the nearest cent

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