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The following data are given for Stringer Company: Budgeted production 902 units Actual production 1,098 units Materials: Standard price per ounce $1.91 Standard ounces per
The following data are given for Stringer Company:
Budgeted production | 902 units |
Actual production | 1,098 units |
Materials: | |
Standard price per ounce | $1.91 |
Standard ounces per completed unit | 11 |
Actual ounces purchased and used in production | 12,440 |
Actual price paid for materials | $25,502 |
Labor: | |
Standard hourly labor rate | $14.30 per hour |
Standard hours allowed per completed unit | 5.0 |
Actual labor hours worked | 5,654.7 |
Actual total labor costs | $86,234 |
Overhead: | |
Actual and budgeted fixed overhead | $1,057,000 |
Standard variable overhead rate | $26.00 per standard labor hour |
Actual variable overhead costs | $158,332 |
Overhead is applied on standard labor hours. |
The direct materials quantity variance is
a.1,741.60 favorable
b.1,741.60 unfavorable
c.691.42 unfavorable
d.691.42 favorable
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