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Cheyenne, Inc. is planning to produce 2,520 units of product in 2022. Each unit requires 3 pounds of materials at $7 per pound and a
Cheyenne, Inc. is planning to produce 2,520 units of product in 2022. Each unit requires 3 pounds of materials at $7 per pound and a half hour of labor at $18 per hour. The overhead rate is 75% of direct labor. Compute the budgeted amounts for 2022 for direct materials to be used, direct labor, and applied overhead. Direct Materials $ Direct Labor $ Overhead $ Compute the standard cost of one unit of product. (Round answer to 2 decimal places, e.g. 52.75.)
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