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The following data are given for Stringer Company: Budgeted production 955 units Actual production 1,073 units Materials: Standard price per ounce $1.76 10 Standard ounces

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The following data are given for Stringer Company: Budgeted production 955 units Actual production 1,073 units Materials: Standard price per ounce $1.76 10 Standard ounces per completed unit Actual ounces purchased and used in production 11,052 $22,657 Actual price paid for materials Labor: Standard hourly labor rate $14.25 per hour Standard hours allowed per completed unit 4.3 Actual labor hours worked 5,525.95 Actual total labor costs $84,271 Overhead: Actual and budgeted fixed overhead $1,051,000 $27.00 per standard labor hour Standard variable overhead rate Actual variable overhead costs $154,727 Overhead is applied on standard labor hours. The direct materials quantity variance is a. 3,205.48 favorable Ob. 3,205.48 unfavorable c. 566.72 unfavorable Od. 566.72 favorable

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