Standard Direct Materials Cost per Unit from Variance Data The following data relating to direct materials cost for October of the ourrent year are taken from the records of Good Clean Fun Inc., a mandactures of organic toys Quantity of drect materials used 5200 b Actual unit price of direct materials $4.6 per Ib Units of finished product manufactured 1,250 units Standard direct materials per unit of finished product 4 bs Direct materials quantity variance-unfavorabler s60 Direct materials price variance-favorable $1,040 Determine the standard drect materials cost per unit of finished product, asuming that there was no inventory of work in process at either the bepinning or the end of the month f reguired, reund vour standard cost per unit answer to beo dedmal places units Product finished units Standard finished product for direct materials used units Deficiency of finished product for materials used per unit Standard cost for direct materials Standard Direct Materials Cost per Unit from Variance Data The following data relating to direct materials cost for October of the current year are taken from the records of Good Clean Fun Inc., a manufacturer of organic toys: Quantity of direct materials used 5,200 lbs Actual unit price of direct materials $4.6 per lb. Units of finished product manufactured 1,250 units Standard direct materials per unit of finished product 4 lbs. Direct materials quantity variance-unfavorable $960 Direct materials price variance-favoralble $1,040 Determine the standard direct materials cost per unit of finished product, assuming that there was no inventory of work in process at elther the beginning on the end of the month. If required, round your standard cost per unit answer to two decimal places. X units Product finished units Standard finished product for direct materials used units Deficiency of finished product for materials used per unit Standard cost for direct materials