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$8,400FavorableMaterial quantity variance$8,000UnfavorableActual direct material purchased and used 21,000poundsDirect materials standard price$8per 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. $10 per unit
C. $16 per unit
D. $8 per unit
Answer: C
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Answer the following statement true (T) or false (F)