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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

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
917 units
1,083 units
$1.79
10
11,155
$22,868
$14.11 per hour
4.6
5,577.45
$85,056
$27.00 per standard labor hour
$156,169
Overhead is applied on standard labor hours.
The direct materials quantity variance is
a.2,900.55 favorable
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