Multiple Choice Question 78 Concord's standard quanties for 1 unit of product include 4 pounds of materials and 0.5 labor hours. The standard rates are $2 per pound and $3 per hour. The standard overhead rate is $4 per direct labor hour. The total standard cost of Concord's product is $9.00. O $11.50. O $3.50 $9.50. Click if you would like to Show Work for this question: Qpen Show Work Question Attempts:0 of 1 used SAVE FOR LATER SUBMIT ANSW