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 3,900 Ibs. Actual unit price of direct materials $4.30 per Ib. Units of finished product manufactured 935 units Standard direct materials per unit of finished product 4 Ibs. Direct materials quantity variance-unfavorable $704 Direct materials price variance-favorable $390 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 answer to two decimal places. Product finished units Standard finished product for direct materials used units Deficiency of finished product for materials used units Standard cost for direct materials per unit

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 3,900 Ibs. Actual unit price of direct materials $4.30 per Ib. Units of finished product manufactured 935 units Standard direct materials per unit of finished product 4 Ibs. Direct materials quantity variance-unfavorable $704 Direct materials price variance-favorable $390 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 answer to two decimal places. Product finished units Standard finished product for direct materials used units Deficiency of finished product for materials used units Standard cost for direct materials per unit

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Description: 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 used3,900 Ibs.Actual unit price of direct materials$4

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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