Question 8 James Corporation?s controller has developed the cost and usage data listed below in preparation of standard unit cost information for the coming year. Direct materials quantity standard Direct labor time standard Direct materials price standard Direct labor rate standard Standard variable overhead rate Standard fixed overhead rate 5 pounds per product 3 hours per product $9 per pound $8 per hour $10 per labor hour $11 per labor hour Using the above information provided for James Corporation. the total standard unit cost is