Sarasota Manufacturing Corporation uses both standards and budgets. The company estimates that production for the year will be $100,000$ units of Product Fast. To produce these units of Product Fast, the company expects to spend $$750,000$ for materials and $$950,000$ for labor.

$($a$)$

Compute the estimates for a standard cost. $($Round answers to $2$ decimal places, e$.$g$.2\mathrm{.}17.)$

Materials per unit

Labor per unit