Pina Colada Manufacturing Corporation uses both standards and budgets. The company estimates that production for the year will be $100,000$ units of Product Fast. To produce these units of Product Fast, the company expects to spend $$720,000$ for materials and $$920,000$ for labor.

$($a$)$

Compute the estimates for a standard cost. $($Round answers to $2$ decimal places, e$.$g$.2\mathrm{.}17.)$

Materials

$

per unit

Labor

$ per unit

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