The standard cost card for one unit of a finished product sh…
The standard cost card for one unit of a finished product shows the following: Standard Quantity or Hours Standard Price or RateDirect materials 12 feet $ ? per footDirect labor 1.5 hours $ 12 per hourVariable manufacturing overhead 1.5 hours $ 8 per hourIf the total standard variable cost for one unit of finished product is $78, then the standard price per foot for direct materials is: