Susan Company uses both standards and budgets. For the year, estimated production of Product X is 581,000 units. Total estimated cost for materials and labor are $1,162,000 and $1,626,800 respectively. Compute the estimates for (a) a standard cost and (b) a budgeted cost. (Round standard costs to 2 decimal places, e.g. 1.25.) Materials (a) Standard cost $ $ (b) Budgeted cost $ +A Labor