Calculator Use this information for Stringer Company to answer the question that follow. The following data are given for Stringer Company: 934 units Actual production 1,000 units Materials Standard price per ounce $1.98 Standard ounces per completed unit 12 Actual ounces purchased and used in production 12,360 Actual price paid for materials $25,338 Labor: Standard hourly labor rate $14.21 per hour Standard hours allowed per completed unit 4.6 Actual labor hours worked 5,150 Actual total labor costs $78,538 Overhead: Actual and budgeted fixed overhead $1,075,000 Standard variable overhead rate $25.00 per standard labor hour Actual variable overhead costs $144,200 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. $2,163.00 unfavorable b. $865.20 favorable C. $865.20 unfavorable d. $2,163.00 favorable