Pharoah Company is planning to produce 2,100 units of product in 2027. Each unit requires 1.6 pounds of materials at $6.4 per pound and a half-hour of labor at $16 per hour. The overhead rate is 60% of direct labor. (a) Compute the budgeted amounts for 2027 for direct materials to be used, direct labor, and applied overhead. Direct materials $ Direct labor $ Overhead ta (b) Compute the standard cost of one unit of product. (Round answer to 2 decimal places, e.g. 2.75.) Standard cost SA Per Unit