Parsons Company is planning to produce 2,400 units of product in 2017. Each unit requires 3.40 pounds of materials at $4.00 per pound and a half-hour of labor at $12.00 per hour. The overhead rate is 40% of direct labor. (a) Compute the budgeted amounts for 2017 for direct materials to be used, direct labor, and applied overhead.

Direct materials		$enter a dollar amount
Direct labor		$enter a dollar amount
Overhead		$enter a dollar amount