Mary Company uses both standards and budgets. For the year, estimated production of Product X is 536,000 units. Total estimate cost for materials and labor are $1,072,000 and $1,447,200 respectively. Compute the estimates for (a) a standard cost and (b) a budgeted cost. (Round standard costs to 2 decimal places, es. 1.25.) Mary Company uses both standards and budgets. For the year, estimated production of Product X is 536,000 units. Total estimate cost for materials and labor are $1,072,000 and $1,447,200 respectively. Compute the estimates for (a) a standard cost and (b) a budgeted cost. (Round standard costs to 2 decimal places, es. 1.25.)