Normal Corporation uses standard costing and is in the process of updating its direct materials and direct labor standards for Product 20B. The following data have been accumulated: Direct materials in the previous period, 20,500 units were produced, and 32,800 square yards of direct materials at a cost of $122,344 were used to produce them. Direct labor during the previous period, 57,400 direct labor hours were worked -34,850 hours on machine H and 22,550 hours on machine K. Machine H operators earned $9.20 per hour last period. A new labor union contract calls for a 10 percent increase in labor rates for the coming period. Using this information as the basis for the new standards, , compute the direct materials quantity and price standards and the direct labor time and rate standards for each machine for the coming accounting period