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Tamarisk, Inc. is planning to produce 3,000 units of product in 2022. Each unit requires...

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Tamarisk, Inc. is planning to produce 3,000 units of product in 2022. Each unit requires 3 pounds of materials at $7 per pound and a half-hour of labor at $18 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 $ $ Toutbool and Media Current Attempt in Progress Labor data for making one gallon of finished product in Concord Company are as follows. (1) Price-hourly wage rate $15.40, payroll taxes $0.60, and fringe benefits $1.70. (2) Quantity- actual production time 1.40 hours, rest periods and cleanup 0.30 hours, and setup and downtime 0.30 hours. Compute the following. (Round answers to 2 decimal places, e.g. 1.25.) (a) Standard direct labor rate per hour. $ (b) Standard direct labor hours per gallon. hours (c) Standard labor cost per gallon. $ e Textbook and Media

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