Flounder Company is planning to produce 2,400 units of product in 2017. Each unit requires 2.00 pounds of materials at $7.80 per pound and a half-hour of labor at $12.00 per hour. The overhead rate is 40% of direct labor.

Compute the budgeted amounts for 2017 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

Standard cost

$