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The following data are given for Stringer Company: Budgeted production 934 units Actual production 1,079 units Materials: Standard price per ounce $1.93 Standard ounces per

The following data are given for Stringer Company:

Budgeted production 934 units
Actual production 1,079 units
Materials:
Standard price per ounce $1.93
Standard ounces per completed unit 12
Actual ounces purchased and used in production 13,336
Actual price paid for materials $27,339
Labor:
Standard hourly labor rate $14.99 per hour
Standard hours allowed per completed unit 4.1
Actual labor hours worked 5,556.85
Actual total labor costs $84,742
Overhead:
Actual and budgeted fixed overhead $1,118,000
Standard variable overhead rate $25.00 per standard labor hour
Actual variable overhead costs $155,592
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

a.$1,600 favorable

b.$4,001 favorable

c.$1,600 unfavorable

d.$4,001 unfavorable

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