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 8,200 lbs Actual unit price of direct materials $5 perib Units of finished product manufactured 3,940 units Standard direct materiale per unit of finished product 2 lbs Direct materials quantity vantande-unfavorable $1,664 Direct material price variance--favorable $1,640 Determine the standard direct materials cost per unit of nished product, assuming that there was no inventory of work in process at either the beginning or the end of the month. It required, cound your standard cost per unit answer to two decimal places Product finished units Standard finished product for direct materials used Deficiency of finished product for materials used units Standard cost for direct materials units per unit