The following data is given for the Stringer Company: 964 units Budgeted production Actual production Materials: 1,075 units Standard price per ounce $1.86 Standard ounces per completed unit 10 11,073 Anual ounces purchased and used in production Actual price paid for materials $22,700 Labor: Standard hourly labor rate $14.46 per hour Standard hours allowed per completed unit 4.6 Actual labor hours worked 5,536.25 $84,428 Actual total labor costs Overhead: Actual and budgeted fixed overhead $1,057,000 Standard variable overhead rate $24.00 per standard labor hour Actual variable overhead costs $155,015 Overhead is applied on standard labor hours. Calculator Standard ounces per completed unit Actual ounces purchased and used in production Actual price paid for materials 10 11,073 $22,700 Labor: Standard hourly labor rate $14.46 per hour Standard hours allowed per completed unit 4.6 5,536.25 Actual labor hours worked al total labor costs Overhead: $84,428 Actual and budgeted fixed overhead $1,057,000 $24.00 per standard labor hour Standard variable overhead rate Actual variable overhead costs Overhead is applied on standard labor hours. $155,015 Round your final answer to the nearest dollar. Do not round interim calculations. The direct materials price variance is a. $5,259.675 favorable b. $2,103.87 favorable c. $5,259.675 unfavorable d. $2,103.87 unfavorable