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The following data is given for the Stringer Company: Budgeted production Actual production 903 units 1,082 units Materials: $1.82 11 Standard price per ounce Standard
The following data is given for the Stringer Company: Budgeted production Actual production 903 units 1,082 units Materials: $1.82 11 Standard price per ounce Standard ounces per completed unit Actual ounces purchased and used in production Actual price paid for materials 12,259 525,131 Labor: $14.72 per hour 4.7 Standard hourly labor rate Standard hours allowed per completed unit Actual labor hours worked Actual total labor costs 5,572.3 584,978 Overhead: Actual and budgeted fixed overhead $1,086,000 Standard variable overhead rate $24.00 per standard labor hour Actual variable overhead costs $156,024 Overhead is applied on standard labor hours. Round your final answer to the nearest dollar. Do not round interim calculations, The direct materials price variance is Oa. $7,048.925 unfavorable Ob. $2.819.57 favorable Oc. $2,819.57 unfavorable Od. $7,048.925 favorable
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