1. 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	4,300 lbs.
   Actual unit price of direct materials	$3.3 per lb.
   Units of finished product manufactured	1,035 units
   Standard direct materials per unit of finished product	4 lbs.
   Direct materials quantity varianceunfavorable	$544
   Direct materials price variancefavorable	$430

   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. 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