Lovitz Company is planning to produce 2,000 units of product in 2012. Each unit requires 3 kilograms of materials at $6 per kilogram and a half hour of labour at $14 per hour. The overhead rate is 70% of direct labour Calculate: Direct material cost per unit:$ per unit Total kilograms of direct materials for 2,000 units: ograms Total direct materials cost for 2,000 units:$ Direct labour cost per unit:$ per unit Total direct lbour hours for 2,00 units hours Total direct labour cost for 2,000 units: $ Overhead rate per direct labour hour:$ per hour Overhead rate per unit:$ per unit Total overhead cost for 2,000 units:$ Compute the standard cost of one unit of product. $