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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 use Actual unit price of direct materials Units of finished product manufactured Standard direct materials per unit of finished product Direct materials quantity variance- unfavorable Direct materials price variance-favorable 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 5,600 lbs. $2.6 per Itb 2,690 units 2 lbs. $594 $560 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 finshed product for materials used Standard cost for direct materials units units units per unit Next Previous Check My Work 5 more Check My Work uses remaining 4:56 PM 4/20/2019 19 search Standard Product Cost Sana Rosa Company manufactures unfinished home furniture. Sana Rosa uses a standard cost system. The direct labor, direct materials, and factory overhead standards for an unfinished dining room table are as follows: Direct labor $24.00 per hr 3.5 hrs. $11.50 per bd. ft. 16 bd. ft. $2.40 per direct labor hr. $0.80 per direct labor hr standard time per unit standard price standard quantity standard rate standard rate Direct materials (oak) Variable factory overhead Fixed factory overhead a. Determine the standard cost per dining room table. If required, round your answer to two decimal places. per table Using this principle, b. A standard cost system provides Sana Rosa management a cost control tool using the principle of V cost deviations from standards can be investigated and corrected. Next Previous Check My Work 5 more Check My Work uses remaining