Reeves Company manufactures molded candles that are finished by hand. The company developed the following standards for a new line of drip candles: Amount of direct materials per candle Price of direct materials per pound Quantity of labor per unit Price of direct labor per hour Total budgeted fixed overhead 1.6 pounds $ 1.20 1 hours $16 /hour $312,000 During 2013, Reeves planned to produce 30,000 drip candles. Production lagged behind expectations, and it actually produced only 24,000 drip candles. At year-end, direct materials purchased and used amounted to 40,000 pounds at a unit price of $1.08 per pound. Direct labor costs were actually $15.00 per hour and 26,400 actual hours were worked to produce the drip candles. Overhead for the year actually amounted to $264,000. Overhead is applied to products using a predetermined overhead rate based on estimated units Required: a.&b. Compute the standard cost per candle for direct materials, direct labor, and overhead and also the total standard cost for one drip candle. (Round your answers to 2 decimal places.) Standard cost per unit Cost Direct material Direct labor Overhead Total per candle