Your Company makes a single product. Only one kind of direct material is used to...
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Accounting
Your Company makes a single product. Only one kind of direct material is used to make this product. The company uses a standard cost system. The company's cost records for June show the following data:
Number of units produced.............
10,000
Material price variance..................
$28,000
Favorable
Material quantity variance.............
$20,000
Unfavorable
Actual direct material used............
21,000
pounds
Direct materials standard price......
$8
per pound
What is the per UNIT standard cost of direct material for one unit?
a. $19.60
b. $14.80
c. $ 1.86
d. $14.00
e. $18.80
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