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The following data are given for Stringer Company: Budgeted production 908 units Actual production 1,062 units Materials: Standard price per ounce $1.90 Standard ounces per

The following data are given for Stringer Company:

Budgeted production 908 units
Actual production 1,062 units
Materials:
Standard price per ounce $1.90
Standard ounces per completed unit 11
Actual ounces purchased and used in production 12,032
Actual price paid for materials $24,666
Labor:
Standard hourly labor rate $14.96 per hour
Standard hours allowed per completed unit 4.2
Actual labor hours worked 5,469.3
Actual total labor costs $83,407
Overhead:
Actual and budgeted fixed overhead $1,157,000
Standard variable overhead rate $28.00 per standard labor hour
Actual variable overhead costs $153,140
Overhead is applied on standard labor hours.

Round your intermediate calculations and final answer to the nearest cent.

The direct materials price variance is

a.$1,804.80 unfavorable

b.$1,804.80 favorable

c.$4,512.00 favorable

d.$4,512.00 unfavorable

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