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Calculator Use this information for Stringer Company to answer the question that follow. The following data are given for Stringer Company: Budgeted production 967 units

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Use this information for Stringer Company to answer the question that follow.

The following data are given for Stringer Company:

Budgeted production 967 units
Actual production 1,025 units
Materials:
Standard price per ounce $1.79
Standard ounces per completed unit 10
Actual ounces purchased and used in production 10,558
Actual price paid for materials $21,644
Labor:
Standard hourly labor rate $14.74 per hour
Standard hours allowed per completed unit 5.0
Actual labor hours worked 5,278.75
Actual total labor costs $80,501
Overhead:
Actual and budgeted fixed overhead $1,051,000
Standard variable overhead rate $28.00 per standard labor hour
Actual variable overhead costs $147,805
Overhead is applied on standard labor hours.

Round your intermediate calculations and final answer to the nearest cent.

The direct materials price variance is

a.$2,745.08 favorable

b.$6,862.70 unfavorable

c.$2,745.08 unfavorable

d.$6,862.70 favorable

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