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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 6,900 lb. Actual unit price of direct materials $5.60 per lb. 1,655 units Units of finished product manufactured Standard direct materials per unit of finished product Direct materials quantity variance-unfavorable 4 lb. $1,596 Direct materials price variance-unfavorable $690 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 end of the month. If required, round your standard cost per unit answer to two decimal places. Product finished units Standard finished product for direct materials used units Deficiency of finished product for materials used units Standard cost for direct materials per unit Direct Labor Variances The following data relate to labor cost for production of 5,800 cellular telephones: Actual: 3,890 hrs. at $14.70 Standard: 3,830 hrs. at $15.00 a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Rate variance Time variance $ Total direct labor cost variance labor rate than planned. The lower level of experience or training may b. The employees may have been less-experienced workers who were paid less than more experienced workers or poorly trained, thereby resulting in a have resulted in efficient performance. Thus, the actual time required was than standard