Question 3 of 14 < View Policies Current Attempt in Progress -/7 E : Crane Company is planning to produce 2,800 units of product in 2022. Each unit requires 1.2 pounds of materials at $5.6 per pound and a half-hour of labor at $12 per hour. The overhead rate is 70% 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