The following data is given for the Stringer Company 31,000 units 34,500 units Budgeted production Actual production Materials: Standard price per ounce Standard ounces per completed unit Actual ounces purchased and used in production Actual price paid for materials $7.50 9 249,000 $1,654,800 Labor: Standard hourly labor rate Standard hours allowed per completed unit Actual labor hours worked Actual total labor costso $22 per hour 6.6 183,000 $4,020,000 Overhead: Actual and budgeted fixed overhead Standard variable overhead rate Actual variable overhead costs $1,029,600 $24.50 per standard labor hour $4,520,000 Overhead is applied on standard labor hours. 4. The direct materials quantity variance is