Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac

Exercise 31

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:

Determine the standard direct materials cost per unit if finished product, assuming that there was no inventory of work in process at either the beginning or the end of the month.