During December, your shoemaking company incurred actual direct materials costs of $58,872 for 6,690 units of direct materials in the production of 2,150 pairs of shoes. Given this information, calculate the actual cost of materials per unit. If require, round the actual cost of materials per unit to the nearest cent. Actual Total cost Actual Materials Actual cost Manufacturing Costs of Materials / Used = per Unit 7 Feedback V Check My Work Use the actual total cost of materials and actual materials used as shown to compute the actual cost per unit of materials. APPLY THE CONCEPTS: Conduct the Direct Materials Cost Variance Analysis Complete the following graphic to compute the direct materials price variance, the direct materials quantity variance, and the total direct materials cost variance for your shoe making business. When required, enter the rates as dollars and cents. If required, use the minus sign to indicate a negative value. Illustrated Example: Calculating Direct Materials Cost Variance ActualCost Standard Cost Actual Materials x Actual Rate Actual Materials x Standard Rate Standard Materials x l l _/ Direct Materials Price Variance Direct Materials Quantity Variance \\