2-AACSB Processors, Inc., produces an average of 10,000 units each month. The factory standards are 20,000 hours of direct labor and 10,000 pounds of materials for this volume. The standard cost of direct labor is $9.00 per hour, and the standard cost of materials is $4.00 per pound. The standard factory overhead at this level of production is $20,000 allocated on produced units. .. Determine the standard cost per unit/per component. During the current month the production and cost reports reflected the following information: Beginning units in process.... ...... None Units finished........... .... 9,500 Units in process, end of month... . None Direct labor hours worked .......... .. 20,000 Pounds of material purchased . 10,000 Pounds of materials used ....... ..9,400 Cost of direct labor .......... .. $178,000 Cost of materials purchased ........ .. $ 42,000 Determine the actual cost per unit/per component. 6. Prepare a comparative working paper showing standard and actual per product components