The standard cost card for one unit of a finished product shows the following: Standard Quantity or Hours 12 feet 1.5 hours Standard Price or Rate Direct materials Direct labor Variable manufacturing overhead 1.5 per foot S 12 per hour $ 8per hour hours If the total standard variable cost for one unit of finished product is $78, then the standard price per foot for direct materials is:
A)S3
B) $5
C)$2
D)S4
