The following data are given for Stringer Company: Budgeted production 948 units Actual production 1,025 units $1.79 Materials: Standard price per ounce Standard ounces per completed unit Actual ounces purchased and used in production Actual price paid for materials 11 11,613 $23,807 Labor: $14.45 per hour 5.0 5,278.75 $80,501 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 $1,132,000 $27.00 per standard labor hour $147,805 Overhead is applied on standard labor hours. Do not round interim calculations. Round your final answer to the nearest dollar. The direct materials price variance is Oa. $3,019 favorable Ob. $7,548 unfavorable Oc. $7,548 favorable Od. $3,019 unfavorable