Question
The following data are given for Stringer Company: Budgeted production 962 units Actual production 1,096 units Materials: Standard price per ounce $1.82 Standard ounces per
The following data are given for Stringer Company: Budgeted production 962 units Actual production 1,096 units Materials: Standard price per ounce $1.82 Standard ounces per completed unit 10 Actual ounces purchased and used in production 11,289 Actual price paid for materials $23,142 Labor: Standard hourly labor rate $14.58 per hour Standard hours allowed per completed unit 4.1 Actual labor hours worked 5,644.4 Actual total labor costs $86,077 Overhead: Actual and budgeted fixed overhead $1,182,000 Standard variable overhead rate $27.00 per standard labor hour Actual variable overhead costs $158,043 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.$2,596 favorable b.$6,491 unfavorable c.$6,491 favorable d.$2,596 unfavorabl
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