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

Actual unit price of direct materials

Units of finished product manufactured

Standard direct materials per unit of finished product

Direct materials quantity variance$$unfavorable

Direct materials price variance$-$unfavorable

$6,100lb.$

$$3\mathrm{.}30$ per lb$.$

$1,465$ units

$4lb.$

$$840$

$$1,220$

to two decimal places.

Product finished

units

Standard finished product for direct materials used

units

Deficiency of finished product for materials used

units

Standard cost for direct materials

$

per unit