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please answer (a) & (b) Parsons Company is planning to produce 2, 100 units of product in 2020. Each unit requires 220 pounds of materials

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Parsons Company is planning to produce 2, 100 units of product in 2020. Each unit requires 220 pounds of materials at $6.20 per pound and a half-hour of labor at $12.00 per hour. The overfuad rate is 40% 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 $ (b) Compute the standard cost of one unit of product. (Round answer to 2 decimal places, a.s. 275) Standard cost $ e Textbook and Media

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