Standard Direct Materials Cost per Unt from Vortance Data The following data relating to direct materials cost for October of the current year are taken from the records of Good Clear Fun tne, a manufacturer of organic toys: Quantity of direct materials used 5,700 lbs Actual unit price of direct materials $2.90 per lb. Units of finished product manufactured 2,740 units Standard direct materials per unit of finished product 2 lbs. Direct materials Quantity varence-favorable 5682 Direct materials price variance-favorable $1,140 Determine the standard direct materials cost per unit of theshed 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 Deficiency of finished product for materials used Standard cost for direct materials Units unts per ut Check My Work Previous Next Emainstructor Save and Ex Submit Assignment for Grading