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The following data are given for Stringer Company: Budgeted production 913 units 1,065 units ounce $1.78 Actual production Materials: Standard price per ou Standard ounces
The following data are given for Stringer Company: Budgeted production 913 units 1,065 units ounce $1.78 Actual production Materials: Standard price per ou Standard ounces per completed unit Actual ounces purchased and used in production Actual price paid for materials 12 13,163 $26,984 Labor: $14.40 per hour 4.2 5,484.75 $83,642 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 $1,083,000 $28.00 per standard labor hour $153,573 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 Oa. $3,554 unfavorable Ob. $3,554 favorable Oc. $8,885 favorable Od. $8,885 unfavorable
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