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 4,000 lbs Actual unit price of direct materials $2.5 per it Units of finished product manufactured 960 units Standard direct materials per unit of finished product 4 lbs Direct material quantity variance unfavorable 5416 Direct materials price versace-favorable $400 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 ished Standard finished product for direct materials used Doency of finished product for materials used units units Der unit Sad cost for direct materials The actual materials in a batch may vary from the standard due to tomato characteristics. Assume that the actual quantities of materials for batch K-111 were as follows: 2,300 lbs. of tomatoes 115 gal of vinegar 11 gal, of corn syrup 47 lbs. of salt a. Determine the standard unit materials cost per pound for a standard batch. If required, round amounts to the nearest cont. Ingredient Standard Cost per Batch Whole tomatoes Vinegar Com syrup Salt Total Standard unit materials cost per pound b. Determine the direct materials quantity variance for batch K-111. If required, round amounts to the nearest cant. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number Ingredient Materials Quantity Variance Favorable/Unfavorable Whole tomatoes Vinegar Corn syrup Salt Total direct materials quantity variance