Shipp, Inc.manufactures a product requiring two pounds of direct material.During 2013, Shipp purchases 24,000 pounds of material for $99,200 when the standard price per pound is $4.During 2013, Shipp uses 22,000 pounds to make 12,000 products.The standard direct material cost per unit of finished product is

Question

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The standard direct material cost per unit is calculated by multiplying the standard price per pound ($4) by the number of pounds required per unit (2 pounds), which equals $8.00.