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O v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker assignments&takeAssignmentSessionLocator; assignment-take&inprogress;=false Chapter 22 Assignment eBook 4 Show Me How Calculator 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 Actual unit price of direct materials 3,700 lbs. $3.7 per lb. Units of finished product manufactured 1,780 units Standard direct materials per unit of finished product 2 lbs. Direct materials quantity variance-unfavorable $546 Direct materials price variance-favorable $ 740 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 S per unit per unit Check My Work Assignment Score: 0.0% Email Instructor Save and Exit Submit Assignment for GradingExplanation / Answer
Product finished 1780 units as there is no opening and ending wip so goods manufactured is equal to goods finished Standard product for direct material used 1780*2 3560 units deficiency 3700-3560 140 units Material price variance (3700*3.7)-(3700*Sr)=-740 (3700*3.7)+740/3700=SR 3.9 Standard cost per unit= $3.9
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