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The following data are given for Stringer Company: Budgeted production 947 units Actual production Materials: Standard price per ounce Standard ounces per completed unit Actual
The following data are given for Stringer Company: Budgeted production 947 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 1,089 units $1.89 11 12,338 $25,293 $14.56 per hour 4.6 5,608.35 $85,527 $1,045,000 $24.00 per standard labor hour $157,034 Overhead is applied on standard labor hours. The direct materials quantity variance is Oa. 1974.18 favorable Ob. 1,974.18 unfavorable Oc. 678.51 unfavorable Od. 678.51 favorable
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