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question 34 and 33 A company developed the following per-unit standards for its product. 2 pounds of direct materials at $6.00 per pound. Last month.

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A company developed the following per-unit standards for its product. 2 pounds of direct materials at $6.00 per pound. Last month. 5000 pounds of direct materials were purchased for $5700 and entered into production. The direct materials price variance for last month was $24300 tavorable. 55700 tavorable. $12150 favorable $24300 untavorable. Sheridan's standard quantities for 1 unit of product indude 3 pounds of materials and 2.5 labor hours. The standard rates are $4 per pound and $7 per hour. The standard overhead rate is $10 per direct labor hour. The total standard cost per unit of Sheridan's product is $29.50$21.00$54.50$42.50

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