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 3,300 lbs. Actual unit price of direct materials $4.3 per lb. 1,580 units Units of finished product manufactured 2 lbs. Standard direct materials per unit of finished product Direct materials quantity variance-unfavorable $616 Direct materials price variance-favorable $330 Determine the standard direct materials cost per unit of finished product, assuming that there was no inventory of work in process at either the beginning or the end of the month. If required, round your standard cost per unit answer to two decimal places. Product finished 1,580 units Standard finished product for direct materials used 1,650 units Deficiency of finished product for materials used 70 units per unit Standard cost for direct materials $