Ex 23-3 SCorp has provided the following information about its product. Direct Materials: Each unit of product contains 4.5 pounds of materials. The average waste and spolage under normal conditions is 0.5 pounds. Materials cost $5 per pound BUT SCorp always takes the 2% cash discount all is suppliers offer Freight costs average $0 26 per pound Direct Labor. Each unit mouires 2 hours of labor Setup, cleanup and downtime average 0.4 hours per unit. The average hourly rate its corremployees is $12. Payroll ties and fringe benefits are an additional $3 per hour Manufacturing Overhead: Overhead le applied at a rate of $7 per direct laber hour Instructions: Compute Corpe total standard cont per unit. Direct Materials: Materials Cost Per Unit Cost per pound Pounds per unit Direct Labor Labor Cost Per Unit Cost per hour Hours per unit Manufacturing Overhead OH Per Unit Total Standard Cost Per Unit