Standard Product Costs

Deerfield Company manufactures product M in its factory. Production of M requires $2$ pounds of material $P,$ costing $$8$ per pound and $0\mathrm{.}5$ hour of direct labor costing, $$14$ per hour. The variable overhead rate is $$12$ per direct labor hour, and the fixed overhead rate is $$16$ per direct labor hour. What is the standard product cost for product M$?$

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