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 942 units 1,026 units $1.75 10 10,568 $21,664 $14.29 per hour 4.4 5,283.9 $80,579 $1,045,000 $25.00 per standard labor hour $147,949 Overhead is applied on standard labor hours. The direct materials quantity variance is Oa. 3,170.00 favorable