FINANCIAL ACCOUNTING
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ISBN: 9781259964947
Author: Libby
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Transcribed Image Text: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 Int, a manufacture of
organic toys:
Quantity of direct materials used
Actual unit price of direct materials
Units of finished product manufactured
Standard direct materials per unit of finished product
Direct materials quantity variance-unfavorable
5,200 lbs.
$4.6 per b.
1,250 units
4 lbs.
$960
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
Standard finished product for direct materials used
Deficiency of finished product for materials used
Standard cost for direct materials
X units
units
units
per unit
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