T T Current Attempt in Progress Parsons Company is planning to produce 2,000 units of product in 2022. Each unit requires 3 pounds of materials at $5 per pound and a half-hour of labor at $16 per hour. The overhead rate is 70% of direct labor. (c) What are the potential advantages to a corporation of using standard costs? B I U T T TX eTextbook and Media Save for Later !!! III 99 920 0Word(s) Attempts: 0 of 3 used Submit