Exercise 201 Sonic, Inc. is planning to produce 2,500 units of product in 2016. Each unit requires 3 pounds of materials at $6 per pound and a half hour of labor at $16 per hour. The overhead rate is 75% of direct labor. Compute the budgeted amounts for 2016 for direct materials to be used, direct labor, and applied overhead. Direct Materials Direct Labor Overhead LINK TO TEXT Compute the standard cost of one unit of product. Standard Cost