Turn to Stone, Inc. manufactures statues of pop culture icons. All statues are the same size and
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Question:
standard direct material cost . . .r
$80 per statuer
standard material input ratio . . .r
10 pounds per statuer
During the year, 4,800 statues were produced, using 48,240 pounds of material that were purchased during the year at a total cost of $385,920.r
By how much did the actual direct material cost per statue differ from expected direct material cost per statue?r
A.rThe actual cost per unit equalled the expected cost per unit.r
B.rThe actual cost per unit was $0.05 lower than the expected cost per unit.r
C.rThe actual cost per unit was $0.03 lower than the expected cost per unit.r
D.rThe actual cost per unit was $0.40 higher than the expected cost per unit.r
E. The actual cost per unit was $0.05 higher than the expected cost per unit.r
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