QuestIUITO View Policies Current Attempt in Progress Parsons Company is planning to produce 2.700 units of product in 2020. Each unit requires 3.80 pounds of materials at $7.20 per pound and a half hour of labor at $16.00 per hour. The overhead rates 60 of direct labor. Compute the budgeted amounts for 2020 for direct materials to be used direct labor, and applied overhead. Direct materials Direct labor Overhead $ $ $ Compute the standard cost of one unit of product. (Round answer to 2 decimal places, es 2.75.) Standard cost $ e Textbook and Media Attempts: 0 of 3 used S o t Submit Ans Send to Gradebook Nect