Solved: Standard direct material cost per unit of finished product, Accounting Basics

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Standard direct material cost per unit of finished product

Problem:

Debbie Co. manufactures a product requiring two pounds of direct material. During 2007 Debbie purchases 24,000 pounds of material for $74,400 when the standard price per pound is $3.00. During 2007, Debbie uses 22,000 pounds to make 12,000 products. The standard direct material cost per unit of finished product is :

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Accounting Basics: Standard direct material cost per unit of finished product

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