1.Waterway Industries expects direct materials cost of $8 per unit for 50000 units (a total of $400000 of direct materials costs). Waterway's standard direct materials cost and budgeted direct materials cost is

Standard Budgeted

$400000 per year$400000 per year

$400000 per year$8 per unit

$8 per unit$400000 per year

$8 per unit$8 per unit

2.Crane's standard quantities for 1 unit of product include 6 pounds of materials and 0.5 labor hours. The standard rates are $2 per pound and $3 per hour. The standard overhead rate is $4 per direct labor hour. The total standard cost of Crane's product is

$15.50.

$9.00.

$3.50.

$13.50.