5. (20 pts) The following data was obtained for a company that makes statues: Standard Inputs Expected For Each Unit of Output 5 pounds 1.5 hours Standard Price Per Unit of Input $12 per pound $12 per hour Direct material Direct labor During the month of July, the company actually produced 1,000 statutes, which is 100 une material purchased and used amounted to 5,500 pounds at a cost of $12.50 per pound. Actual direc hours at an actual cost of $13.00 per hour. Compute the price, quantity, and Mextible-budget araces for: A) Direct materials and (B) Direcr t la 5. (20 pts) The following data was obtained for a company that makes statues: Standard Inputs Expected For Each Unit of Output 5 pounds 1.5 hours Standard Price Per Unit of Input $12 per pound $12 per hour Direct material Direct labor During the month of July, the company actually produced 1,000 statutes, which is 100 une material purchased and used amounted to 5,500 pounds at a cost of $12.50 per pound. Actual direc hours at an actual cost of $13.00 per hour. Compute the price, quantity, and Mextible-budget araces for: A) Direct materials and (B) Direcr t la