Concord, Inc. is planning to produce 2,560 units of product in 2022. Each unit requires 3 pounds of materials at $8 per pound and a half hour of labor at $20 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 $ Standard Cost $ $ $ Compute the standard cost of one unit of product. (Round answer to 2 decimal places, e.g. 52.75.)

Concord, Inc. is planning to produce 2,560 units of product in 2022 . Each unit requires 3 pounds of materials at $8 per pound and a half hour of labor at $20 per hour. The overhead rate is 75% of direct labor. Compute the budgeted amounts for 2022 for direct materials to be used, direct isbor, and applied overhead. Direct Materials $ Direct Labor Overhead Compute the standard cost of one unit of product. (Round anwer to 2 decimal places, eg. 52.75.) Standard Cost