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The following data are given for Stringer Company: Line Item Description Value Budgeted production 949 units Actual production 1,018 units Materials: Standard price per ounce

The following data are given for Stringer Company:

Line Item Description Value
Budgeted production 949 units
Actual production 1,018 units
Materials:
Standard price per ounce $1.75
Standard ounces per completed unit 11
Actual ounces purchased and used in production 11,534
Actual price paid for materials $23,645
Labor:
Standard hourly labor rate $14.40 per hour
Standard hours allowed per completed unit 4.5
Actual labor hours worked 5,242.7
Actual total labor costs $79,951
Overhead:
Actual and budgeted fixed overhead $1,063,000
Standard variable overhead rate $26.00 per standard labor hour
Actual variable overhead costs $146,796

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. $3,460 unfavorable

b. $8,650 unfavorable

c. $3,460 favorable

d. $8,650 favorable

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