Standard Direct Materials Cost per Unit Roanoke Company produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (3,400 bars) are as follows: Ingredient Quantity Price Cocoa 540 lbs. $0.40 per lb. Sugar 150 lbs. $0.60 per lb. Milk 120 gal $1.70 per gal. Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent. per bar 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 $4.7 per Actual unit price of direct materials Units of finished product manufactured 1,250 units Standard direct materials per unit of finished product Direct materials quantity variance-unfavorable 5980 Direct materials price variance--favorable $1,040 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 units Standard finished product for direct materials used units Deficiency of finished product for materials used units Standard cost for direct materials per unit Standard Product Cost Sana Rosa Company manufactures unfinished home furniture. Sana Rosa uses a standard cost system. The direct labor, direct materials, and factory overhead standards for an unfinished dining room table are as follows: Direct labor: standard rate $25.00 per hr. standard time per unit 3.5 hrs. Direct materials (oak): standard price $8.00 per bd. it. standard quantity 15 bd. ft. Variable factory overhead: standard rate $3.20 per direct labor hr. Fixed factory overhead: standard rate $1.20 per direct labor hr. a. Determine the standard cost per dining room table. If required, round your answer to two decimal places per table Using this principle, b. A standard cost system provides Sana Rosa management a cost control tool using the principle of Seviations from standards can be investigated and corrected