37. Standard Cost and Flexible Budget. Solar Products, Inc., produces solar power systems for commercial buildings. Each solar power system has three solar panels. The company's master budget shows the following standards information. Expected production for January 300 solar power systems Direct materials 3 solar panels at $40 per panel 35 hours per solar power system at $18 per hour Direct labor 35 direct labor hours per solar power system Variable manufacturing overhead at $15 per hour Required: a. Calculate the standard cost per unit for direct materials, direct labor, and variable manufacturing overhead using the format shown in Table 10.1. 37. Standard Cost and Flexible Budget a. Standard cost per unit calculation Standard Cost per Unit $ 120 Direct materials Direct labor Variable overhead Standard variable production cost per unit Correct Incorrect Incorrect Incorrect