December EX 22-6 Standard direct materials cost per unit from variance data The following data relating to direct materials cost for October of the from the records of Good Clean Fun Inc., a manufacturer of organic toys: Obj, 2,3 current year are taken 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 Direct materials price variance-unfavorable 3,000 lbs. $5.50 per lb 1,400 units 2 lbs. $1,000 $1,500 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