ework Question 3, E7-29 (book/static) Part 2 of 8 > HW Score: 70.89%, 2.13 of 3 points Points: 0.17 of 1 Save The Schuyler Corporation manufactures lamps. It has set up the following standards per finished unit for direct materials and direct manufacturing labor: (Click the icon to view the standards.) The number of finished units budgeted for January 2017 was 10,000; 9,850 units were actually produced. (Click the icon to view actual data.) Standards Assume that there was no beginning inventory of either direct materials or finished units. During the month, materials purchased amounted to 100,000 lb., at a total cost of $465,000. Input price variances are isolated upon purchase. Input-efficiency variances are isolated at the time of usage. Read the requirements. - X Direct materials: 10 lb. at $4.50 per lb. Direct manufacturing labor: 0.5 hour at $30 per hour Actual Data Actual results in January 2017 were as follows: Direct materials: 98,055 lb. used Direct manufacturing labor: 4,900 hours $ 154,350 - $ 45.00 15.00 rect materials and direct manufacturing labor.