Please answer and show any solutions. Thank you.

MC.23-123

Use this information to answer the question that follow.

	Standard	Actual
Variable overhead rate	$3.35
Fixed overhead rate	$1.80
Hours	18,900	17,955*
Fixed overhead	$46,000
Actual variable overhead		$67,430
Total factory overhead		$101,450

*Actual hours are equal to standard hours for units produced. The fixed factory overhead volume variance is

a. $4,866.75 favorable

b. $4,866.75 unfavorable

c. $1,701.00 unfavorable

d. $1,701.00 favorable

MC.23-074 Use this information for Stringer Company to answer the question that follow. The following data are given for Stringer Company:

Budgeted production	26,000 units
Actual production	27,500 units
Materials:
Standard price per ounce	$6.50
Standard ounces per completed unit	8
Actual ounces purchased and used in production	228,000
Actual price paid for materials	$1,504,800
Labor:
Standard hourly labor rate	$22 per hour
Standard hours allowed per completed unit	6.6
Actual labor hours worked	183,000
Actual total labor costs	$4,020,000
Overhead:
Actual and budgeted fixed overhead	$1,029,600
Standard variable overhead rate	$24.50 per standard labor hour
Actual variable overhead costs	$4,520,000

Overhead is applied on standard labor hours. (Round interim calculations to the nearest cent.) The direct materials price variance is

a. $22,800 favorable

b. $52,000 favorable

c. $22,800 unfavorable

d. $52,000 unfavorable