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

$8,600lbs.$

Actual unit price of direct materials

$$4\mathrm{.}50$ per lb$.$

Units of finished product manufactured

$4,130$ units

Standard direct materials per unit of finished product

$2$ lbs$.$

Direct materials quantity variance$-$unfavorable

$$1,598$

Direct materials price variance$-$favorable

$$1,720$

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

$x$ units

Standard finished product for direct materials used

$x$ units

Deficiency of finished product for materials used

units

Standard cost for direct materials

$$,$ per unit

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Check My Work

Remember the process discussed in chapter for calculating standard direct materials cost per unit.