Carla Vista Company is planning to produce 2,500 units of product in 2022. Each unit requires 1.0 pounds of materials at $6.2 per pound and a half-hour of labor at $16 per hour. The overhead rate is 80% of direct labor. (a) Compute the budgeted amounts for 2022 for direct materials to be used, direct labor, and applied overhead.

Direct materials		$enter a dollar amount
Direct labor		$enter a dollar amount
Overhead		$enter a dollar amount

(b) Compute the standard cost of one unit of product. (Round answer to 2 decimal places, e.g. 2.75.)

Standard cost

$enter the standard cost per unit in dollars rounded to 2 decimal places Per Unit