ayayai company is planning to produce 1000 units of product in 2017.each unit requires 1.00 pounds of materials at $4.00 per pound and a half-hour of labor at $12.00 per hour. the overhead rate is 40% of direct labor.

a) Compute the budgeted amounts for 2017 for direct materials to be used, direct labor, and applied overhead.

Direct materials =

Direct labor =

Overhead =

b)Compute the standard cost of one unit of product.