3 Standard Direct Materials Cost per Unit from Variance DataThe 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 oforganic toys:5,100 lbs.$2.70 per lb.1,225 units4 lbs.Quantity of direct materials usedActual unit price of direct materialsUnits of finished product manufacturedStandard direct materials per unit of finished productDirect materials quantity variance-unfavorable$560Direct materials price variance-favorable$510Determine the standard direct materials cost per unit of finished product, assuming that there was no inventory of work in process at either the beginning orthe end of the month. If required, round your standard cost per unit answer to two decimal places.Product finishedStandard finished product for direct materials usedDeficiency of finished product for materials usedStandard cost for direct materialsunitsunitsunitsper unit

Name: 3 Standard Direct Materials Cost per Unit from Variance DataThe follow
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: 3 Standard Direct Materials Cost per Unit from Variance DataThe 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 oforganic toys:5,100 lbs.$2.70 per lb.1