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The following data are given for Stringer Company: Budgeted production 922 units Actual production Materials: Standard price per ounce Standard ounces per completed unit
The following data are given for Stringer Company: Budgeted production 922 units 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 1,000 units $1.96 11 11,330 $23,226 $14.28 per hour 4.5 5,150 $78,538 $1,140,000 $28.00 per standard labor hour $144,200
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