Please help me with all I will give upvote thanku Standard Direct Materials Cost per Unit from Variance DataThe following data relating to direct materials cost for October of the current year are taken from the records of Good Clean Fun Int, a manufacture oforganic toys:Quantity of direct materials usedActual unit price of direct materialsUnits of finished product manufacturedStandard direct materials per unit of finished productDirect materials quantity variance-unfavorable5,200 lbs.$4.6 per b.1,250 units4 lbs.$960Direct materials price variance-favorable$1,040Determine the standard direct materials cost per unit of finished product, assuming that there was no inventory of work in process at either the beginning orthe end of the month. If required, round your standard cost per unit answer to two decimal places,<Product finishedStandard finished product for direct materials usedDeficiency of finished product for materials usedStandard cost for direct materialsX unitsunitsunitsper unit

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Description: Please help me with all I will give upvote thanku Standard Direct Materials Cost per Unit from Variance DataThe following data relating to direct materials cost for October of the current year are taken from the records of Good Clean Fun Int, a manuf

Direct Material quantity variance = (Standard quantity - actual quantity used)*standard rate

Answered: K Product finished. Standard finished…

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K Product finished. Standard finished product for direct materials used i Deficiency of finished product for materials used Standard cost for direct materials X units 0004 units units per unit

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter9: Evaluating Variances From Standard Costs

Section: Chapter Questions

Problem 6E: Standard direct materials cost per unit from variance data The following data relating to direct...

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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 6,500 lbs. Actual unit price of direct materials $5.9 per lb. Units of finished product manufactured 3,120 units Standard direct materials per unit of finished product 2 lbs. Direct materials quantity variance—unfavorable $1,586 Direct materials price variance—favorable $1,300 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 fill in the blank 1 units Standard finished product for direct materials used fill in the blank 2 units Deficiency of finished product for materials used fill in…
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