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The following data are given for Stringer Company: Budgeted production 934 units Actual production 1,060 units Materials: Standard price per ounce $1.75 Standard ounces per

The following data are given for Stringer Company:

Budgeted production 934 units
Actual production 1,060 units
Materials:
Standard price per ounce $1.75
Standard ounces per completed unit 11
Actual ounces purchased and used in production 12,010
Actual total price paid for materials $24,620
Labor:
Standard hourly labor rate $14.43 per hour
Standard hours allowed per completed unit 4.2
Actual labor hours worked 5,459
Actual total labor costs $83,250
Overhead:
Actual and budgeted fixed overhead $1,190,000
Standard variable overhead rate $24.00 per standard labor hour
Actual variable overhead costs $152,852
Overhead is applied on standard labor hours.

The direct materials price variance is (round your intermediate calculations and final answer to the nearest cent.)

a. $3,603.00 unfavorable

b. $3,603.00 favorable

c. $9,007.50 unfavorable

d. $9,007.50 favorable

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