QUESTION 14 The Bowden Corporation 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 $ 8,400 Favorable Material quantity variance $ 8.000 Unfavorable Actual direct material purchased and used 21,000 pounds Direct materials standard price $ 8 per pound There were no beginning inventories of direct materials. The standard cost of direct material for one unit of output is: a $2 per unit b. $16 per unit c. $8 per unit d. $10 per unit