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The following data are given for Stringer Company: Budgeted production Actual production Materials: Standard price per ounce Standard ounces per completed unit - Actual ounces

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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 917 units 1,067 units $1.84 11 12,089 $24,782 $14.10 per hour 4.9 5,495.05 $83,800 $1,070,000 $25.00 per standard labor hour $153,861 Overhead is applied on standard labor hours. The direct materials quantity variance is 2. 2.538 .24 favorable b. 2,538,24 unfavorable c. 647.68 unfavorible d. 647.68 favorable

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