3. Harper System assembles PCs and uses flexible budgeting and a standard cost system. Harper System allocates overhead based on the number of direct materials parts. The company's performance report includes the following selected data: 1 (Click the icon to view the selected data.) Requirements Requirement 1. Determine the company's standard cost for one unit. First, select the formula, then compute the standard cost per unit. (Round your answer to the nearest cent.) (1) (2) Requirement 2. Prepare a flexible budget based on the actual number of PCs sold. Harper System Flexible Budget for Actual Outputs Sales revenue Variable manufacturing expenses: Direct materials Direct labour Variable overhead Fixed expenses: Fixed overhead Total cost of goods sold Gross profit = Standard cost per unit