Compute the standard cost per finished unit for the normal or expected standards and for the ideal standards. Explain how both normal and ideal standards would be used bymanagers.

Normal or Expected Standards Direct materials quantity per unit Direct materials price per pound Direct labor hours per unit Direct labor rate per hour Ideal Standards 1.8 lbs. per unit $7.75 per Ib. 2.8 hours per unit $21.50 per hour . . . 2 bs. per unit $8 per lb. 3 hours per unit $22 per hour