Standard Direct Materials Cost per Unit from Variance Data

The following data relating to direct materials cost for November of the current year are taken from the records of Play Tyme Inc., a manufacturer of plastic toys:

Quantity of direct materials used	5,500 lbs.
Actual unit price of direct materials	$3.30 per lb.
Units of finished product manufactured	2,640 units
Standard direct materials per unit of finished product	2 lbs.
Direct materials quantity variance