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Standard Direct Materials Cost per Unit from Variance Data...

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Accounting

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Standard Direct Materials Cost per Unit from Variance Data The following data relating to direct materials cost for October of the current year are taken from the records of Good Clean Fun Inc., a manufacturer of organic toys Quantity of direct materials used 3,000 lbs. $5.50 per Ib. 1,400 units 2 Ibs. $1,000 Actual unit price of direct materials Units of finished product manufactured Standard direct materials per unit of finished product Direct materials quantity variance-unfavorable Direct materials price variance-unfavorable Determine the standard direct materials cost per unit of finished product, assuming that there was no inventory of work in process at either the beginning or the end of the month. If required, round your standard cost per unit $1,500

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