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The following data are given for Stringer Company: Budgeted production 936 units 1,069 units Actual production Materials: Standard price per ounce Standard ounces per
The following data are given for Stringer Company: Budgeted production 936 units 1,069 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 $1.80 11 12,112 $24,830 $14.65 per hour 4.9 5,505.35 $83,957 $1,149,000 $28.00 per standard labor hour $154,150 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
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