During the year, Vandy Company produced 280,000 components for industrial metal working machinery. Vandy's direct materials and direct labor standards per unit are as follows: Direct materials (3.70 lbs. @ $6) $22.20 28.80 Direct labor (1.80 hr. @ $15) Required: 1. Compute the standard pounds of direct materials allowed for the production of 240,000 units. 1,036,000 X lbs. 2. Compute the standard direct labor hours allowed for the production of 240,000 units. hours