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university of southern california Operations And Supply Chain Management Assignment Help - Flexible budget

Question - Flexible budget direct materials and direct manufacturing labor variances. Tuscany Statuary
manufactures bust statues of famous historical figures. All statues are the same size. Each unit
requires the same amount of resources. The following information is from the static budget for 2009:

Standard quantities, standard prices, and standard unit costs follow for direct materials and direct
manufacturing labor

During 2009, actual number of units produced and sold was 6,000. Actual cost of direct materials
used was 3594,000, based on 54,000 pounds purchased at $11 per pound. Direct manufacturing
labor-hours actually used were 25,000, at the rate of $38 per hour. As a result actual direct
manufacturing labor consists were 3850,00 ...Read More

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