solution

Tuscany Statuary manufactures bust statues of famous accounting students. All statues are the same size, therefore each unit requires the same DM and DL. Inventory levels did not change. The following information is provided. sales selling price per unit fixed costs DM (pounds per unit) DM (cost per pound) DM used (pounds) DM used ($$) Budget 7,000 $690.00 $1,400,000 9.00 $4.00 Actual 7,250 $670.00 $1,450,000 66,700 $293,480 DL (hours per statue) 3.70 OL (wage rate per hour) $50.00 DL (total hours) 25,375 DL (total cost) $1,319,500