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Sheffield Corp. manufactures a product requiring two pounds of direct material. During 2019, Sheffield purchases 40000 pounds of material for $165200 when the standard price

Sheffield Corp. manufactures a product requiring two pounds of direct material. During 2019, Sheffield purchases 40000 pounds of material for $165200 when the standard price per pound is $8. During 2019, Shipp uses 38000 pounds to make 20000 products. The standard direct material cost per unit of finished product is

$16.00.

$0.52.

$8.26.

$8.69.

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