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The following data are given for Stringer Company: Budgeted production 939 units Actual production 1,052 units Materials: Standard price per ounce $1.95 Standard ounces per
The following data are given for Stringer Company:
Budgeted production | 939 units |
Actual production | 1,052 units |
Materials: | |
Standard price per ounce | $1.95 |
Standard ounces per completed unit | 12 |
Actual ounces purchased and used in production | 13,003 |
Actual price paid for materials | $26,656 |
Labor: | |
Standard hourly labor rate | $14.75 per hour |
Standard hours allowed per completed unit | 4.2 |
Actual labor hours worked | 5,417.8 |
Actual total labor costs | $82,621 |
Overhead: | |
Actual and budgeted fixed overhead | $1,019,000 |
Standard variable overhead rate | $24.00 per standard labor hour |
Actual variable overhead costs | $151,698 |
Overhead is applied on standard labor hours. |
The direct materials quantity variance is
a.1,300.15 favorable
b.1,300.15 unfavorable
c.739.05 unfavorable
d.739.05 favorable
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