Sunland Company is planning to produce $1,600$ units of product in $2020.$ Each unit requires $3\mathrm{.}00$ pounds of materials at $$7\mathrm{.}20$ per pound and a half$-$hour of labor at $$14\mathrm{.}00$ per hour. The overhead rate is $90\%$ of direct labor.

$($a$)$

Compute the budgeted amounts for $2020$ for direct materials to be used, direct labor, and applied overhead.

$($b$)$

Compute the standard cost of one unit of product. $($Round answer to $2$ decimal places, e$.$g$.2\mathrm{.}75.)$

Standard cost

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