Calculator The following data is given for the Stringer Company: Budgeted production Actual production Materials: 958 units 1,005 units Standard price per ounce Standard ounces per completed unit Actual ounces purchased and used in production Actual price paid for materials $1.98 11,387 $23,343 Labor: Standard hourly labor rate Standard hours allowed per completed unit Actual labor hours worked Actual total labor costs $14.05 per hour 4.2 5,175.75 $78.930 Overhead: Actual and budgeted fixed overhead Standard variable overhead rate Actual variable overhead costs $1,192.000 527.00 per standard labor hour $144.921 Overhead is applied on standard labor hours The direct matenals quantity variance is a: 796.74 favorable 06.796.74 unfavorabe c 657.36 unfavarable 657 36 favorabla