Oriole Company is planning to produce 3,400 units of product in 2022. Each unit requires 3 pounds of materials at $6 per pound and a half-hour of labor at $17 per hour. The overhead rate is 70% of direct labor. (a) Compute the budgeted amounts for 2022 for direct materials to be used, direct labor, and applied overhead, Direct materials Direct labor $ Overhead $ (b) Compute the standard cost of one unit of product. (Round answer to 2 decimal places, eg 2.75) Standard cost