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The following data are given for Stringer Company: Budgeted production 9 0 3 units Actual production 1 , 0 9 0 units Materials: Standard price

The following data are given for Stringer Company:
Budgeted production 903 units
Actual production 1,090 units
Materials:
Standard price per ounce $1.94
Standard ounces per completed unit 12
Actual ounces purchased and used in production 13,472
Actual price paid for materials $27,618
Labor:
Standard hourly labor rate $14.07 per hour
Standard hours allowed per completed unit 4.6
Actual labor hours worked 5,613.5
Actual total labor costs $85,606
Overhead:
Actual and budgeted fixed overhead $1,165,000
Standard variable overhead rate $26.00 per standard labor hour
Actual variable overhead costs $157,178
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
a. $3,705 favorable
b. $1,482 favorable
c. $1,482 unfavorable
d. $3,705 unfavorable

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