Wildhorse Corporation is planning to produce 3.200 units of product in 2022. Each unit requires 3 pounds of materials at $4 per pound and a half-hour of labor at $15 per hour. The overhead rate is 70% of direct labor. (a) Compute the budgeted amounts for 2022 for direct materials to be used, direct labor, and applied overhead. Direct materials Direct labor Overhead (b) Compute the standard cost of one unit of product. (Round answer to 2 decimal places, e.g. 2.75.) Standard cost $