Cheyenne Company is planning to produce 2,700 units of product in 2017. Each unit requires 1.60 pounds of materials at $5.40 per pound and a half-hour of labor at $14.00 per hour. The overhead rate is 80% of direct labor. (a) Compute the budgeted amounts for 2017 for direct materials to be used direct labor, and applied pverhead. Direct materials $ Direct labor $ Overhead $