Return to question ABC Company's budgeted sales for June, July, and August are 15,600, 19,600, and 17,600 units respectively. Each unit that ABC Company produces uses 3 pounds of raw material. ABC requires 25% of the next month's budgeted production as raw material inventory each month. ABC Company currently pays a standard rate of $1.6 per pound for raw materials. Each unit should be produced in 15 minutes of direct labor time at a standard direct labor rate of $12 per hour. Manufacturing overhead is applied at the standard rate of $16 per direct labor hour. points Required: Calculate the standard cost per unit for ABC Company. (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Standard cost per unit $ 10.08 | Check my w DMA Inc. processes corn into corn starch and corn syrup. The company's productivity and cost standards follow: From every bushel of corn processed, 12 pounds of starch and 6 pounds of syrup should be produced. Standard direct labor and variable overhead total $0.44 per bushel of corn processed. Standard fixed overhead (the predetermined fixed overhead application rate) is $0.35 per bushel processed. points eBook Required: a. Calculate the standard absorption cost per pound for the starch and syrup produced from the processing of 16,500 bushels of cor if the average cost per bushel is $1.59. (Do not round intermediate calculations. Round final answer to 3 decimal places.) Hint Print Standard absorption cost per pound References b. Comment about the usefulness of this standard cost for management planning and control purposes. This cost per pound is useful for management planning and control purposes