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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 units
Actual production units
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 $ per hour
Standard hours allowed per completed unit
Actual labor hours worked
Actual total labor costs $
Overhead:
Actual and budgeted fixed overhead $
Standard variable overhead rate $ per standard labor hour
Actual variable overhead costs $
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 $ favorable
b $ favorable
c $ unfavorable
d $ unfavorable
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