Problem - Standard Costs Sonic, Inc. is planning to produce 2,500 units of product in 2016 with the following standard costs. Per Unit Direct Materials 3 pounds at $6.00 per pound Direct Labor 12 hour at $16 per hour Overhead Rate 75% of direct labor cost 1. Compute the standard cost of one unit of product. Each answer (a. - c.) is worth_ point(s) Cost Per Unit Direct Materials a. Direct Labor b. Overhead e. Standard Cost $32.00 2. Compute the budgeted amounts for 2016 for direct materials to be used, direct labor, and applied overhead assuming Sonic is planning to produce 2,500 units. Each answer (d. - g.) is worth point(s). Budgeted Amounts Direct Materials d. Direct Labor Applied Overhead f. Total