Question 3 of 14 < > - / 0.5 Current Attempt in Progress Wildhorse Company is planning to produce 2,700 units of product in 2022. Each unit requires 3.6 pounds of materials at $7.2 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 2022 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, e.g. 2.75.) Standard cost $ Per Unit