The following data are given for Stringer Company: Budgeted production Actual production Materials: Standard price per ounce Standard ounces per completed unit Actual ounces purchased and used in production Actual price paid for materials Labor: 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 952 units 1,044 units $1.76 10 10,753 $22,044 $14.43 per hour 4.8 5,376.6 $81,993 $1,176,000 $25.00 per standard labor hour $150,545 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. $7,796 favorable Ob. $7,796 unfavorable c. $3,118 favorable Od. $3,118 unfavorable