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The following data is given for the Stringer Company: 975 units Budgeted production 1,072 units Actual production Materials: $1.93 Standard price per ounce 11 12,146
The following data is given for the Stringer Company: 975 units Budgeted production 1,072 units Actual production Materials: $1.93 Standard price per ounce 11 12,146 Standard ounces per completed unit Actual ounces purchased and used in production Actual price paid for materials $24,899 Labor: $14.89 per hour 4.3 5,520.8 $84,192 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 $1,183,000 $27.00 per standard labor hour Actual variable overhead costs $154,582 Overhead is applied on standard labor hours. The direct materials quantity variance is Oa. 1,457 22 favorable Ob. 1.457.22 unfavorable Oc. 683.22 unfavorable Od. 683 22 favorable
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