please answer with correct calculations and explanations. make sure supporting statements are also provided for each step and calculation.

QUESTION:

Based on the information provided below, what is the standard cost to produce one unit based on a batch quantity of 1,000 ?units?

Internal setup time: 1 ?hour

External setup time: 2 ?hours

Queue time: 8 ?hours

Run time per 1,000 ?units: 8 ?hours

Move time: 2 ?hours

Standard cost per hour: £60.00

Standard material cost per unit: £10.00

Standard allocated overhead per hour: £30.00
 

A. £10.54

B. £10.81

C. £10.9

D. £11.53