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The following data are given for Stringer Company: Budgeted production 955 units 1,080 units ounce $1.9 Actual production Materials: Standard price per our Standard ounces
The following data are given for Stringer Company: Budgeted production 955 units 1,080 units ounce $1.9 Actual production Materials: Standard price per our Standard ounces per completed unit Actual ounces purchased and used in production Actual price paid for materials 11 12,236 $25,084 Labor: $14.18 per hour 4.6 5,562 $84,821 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 $1,028,000 $27.00 per standard labor hour $155,736 Overhead is applied on standard labor hours. The direct materials quantity variance is Oa. 1,835.60 favorable Ob. 1,835.60 unfavorable Oc. 676.40 unfavorable Od. 676.40 favorable
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