Your Company makes a single product. Only one kind of direct material is used to make this product. The company uses a standard cost system. The company's cost records for June show the following data: 10,000 Number of units produced......... Material price variance.. Material quantity variance.... $28,000 Favorable $20,000 Favorable Actual direct material used.. 21,000 pounds Direct materials standard price...... $8 per pound What is the per UNIT standard cost of direct material for one unit? $18.80 $14.80 $19.60 $14.00 $ 2.35