Standard Materials Cost The controller at your shoemaking company has determined that under normal conditions, you will spend $8.50 per unit of materials, and it will take 2.8 units of material per pair of shoes. Given this information, calculate the standard cost of materials per pair of shoes. If require, round the standard cost per pair of shoes to the nearest cent. Manufacturing Costs Standard Price per Unit of Material x Standard Materials per Pair Standard Cost per Pair Direct Materials per unit units Actual Materials Cost During March, your shoemaking company incurred actual direct materials costs of $65,610 for 7,290 units of direct materials in the production of 2,200 pairs of shoes. Given this information, calculate the actual cost of materials per unit. If require, round the actual cost of materials per unit to the nearest cent. Actual Total Cost Manufacturing Costs of Materials Direct Materials Actual Materials Used Actual Cost per Unit units Feedback Check My Work Use the actual total cost of materials and actual materials used as shown to compute the actual cost per unit of materials. APPLY THE CONCEPTS: Conduct the Direct Materials Cost Variance Analysis Complete the following graphic to compute the direct materials price variance, the direct materials quantity variance, and the total direct materials cost variance for your shoe-making business. When required, enter the rates as dollars and cents. If required, use the minus sign to indicate a negative value. Illustrated Example: Calculating Direct Materials Cost Variance Actual Materials x Actual Cost Standard Cost Actual Rate Actual Materials x Standard Rate Standard Materials Standard Rate x Direct Materials Price Variance Direct Materials Quantity Variance Total Direct Materials Cost Variance