The following direct materials and direct labor data pertain to the operations of Sheridan Company for the menth of Auguast (a) Compute the total, price, and quantity variances for materiak and fabor. Wildhorse Company is planning to produce 2,100 units of product in 2022 . Each unit requires 2.2 pounds of materials at $6.2 per pound and a half hour of labor at $12 per hour. The overhead rate is 40%6 of direct labor. (a) Compute the budgeted amounts for 2022 for direct materials to be used, direct labor, and applied overhead: Direct materiak Direct labor Overhead (b) Compute the standard cost of one unit of product. (Round anwer to 2 decimal places es. 2.75. Standard cost PerUnit