Sunland Company is planning to produce 2,800 units of product in 2022. Each unit requires 2.6 pounds of materials at $7.0 per pound and a half-hour of labor at $14 per hour. The overhead rate is 80% of direct labor. (a) Compute the budgeted amounts for 2022 for direct materials to be used, direct labor, and applied overhead. Direct materials $ 50,960 Direct labor $ 14,000 Overhead 11.200 (b) Compute the standard cost of one unit of product. (Round answer to 2 decimal places, eg. 2.75) Standard cost $ 27.20 Per Unit