The bowden corporation makes a single product. only one kind of direct material is used to make this product. the company uses a standard cost system. the company's cost records for june show the following data:
number of units produced 10,000
material price variance $ 8,400 (favorable)
material quantity variance $ 8,000 (unfavorable)
actual direct material purchased and used 21,000 pounds
direct materials standard price $ 8 per pound
there were no beginning inventories of direct materials.
the standard cost of direct material for one unit of output is:_________
a) $2 per unit
b) $16 per unit
c) $8 per unit
d) $10 per unit