The following information applies to the questions displayed below.] Tata Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows: Direct materials: 5 pounds at $8 per pound $ 40 Direct labor: 4 hours at $15 per hour 60 Variable overhead: 4 hours at $5 per hour 20 Total standard cost per unit $ 120