Question
d. $1,505 favorable The following data are given for Stringer Company: Budgeted production Actual production Materials: Standard price per ounce Standard ounces per completed unit
d. $1,505 favorable
The following data are given for Stringer Company: Budgeted production Actual production Materials: Standard price per ounce Standard ounces per completed unit Actual ounces purchased and used in production Actual price paid for materials Labor: Standard hourly labor rate Standard hours allowed per completed unit Actual labor hours worked Actual total labor costs Overhead: Actual and budgeted fixed overhead Standard variable overhead rate Actual variable overhead costs Overhead is applied On standard labor hours. 935 units 1,015 units $1.93 12 12,545 $25,717 $14.21 per hour 4.6 5,227.25 $79,716 $1,016,000 $27.00 per standard labor hour $146,363 Do not round interim calculations. Round your final answer to the nearest dollar. The direct materials price variance is Sl ,50S unfavorable 9,763 unfavorable C) c. S3,763 favorable $1,505 favorable
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