Parsons Company is planning to produce $1\mathrm{.}800$ units of product in $2020.$ Each unit requires $3\mathrm{.}40$ pounds of materials at $$4\mathrm{.}80$ per pound and a half$-$hour of labor at $$14,00$ per hour. The overhead rate is $90\%$ of direct labor.

$($a$)$

Compute the budgeted amounts for $2020$ for direct materials to be used, direct labor, and applied overhead.

Direct materials $

Direct labor $

Overhead $

compute the standard cost of one unit of product