Sheffield 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 $$760,000$ for materials and $$960,000$ for labor.

$($a$)$

Your answer is correct.

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

Materials

$ $$ per unit

Labor

$ $$ per unit

Attempts: $1$ of $2$ used

$($b$)$

X Your answer is incorrect.

Compute the estimates for budgeted cost.

Total Materials Cost

$ $$

Total Labor Cost

$