Question
The following data is given for the Stringer Company: Budgeted production 967 units Actual production 1,015 units Materials: Standard price per ounce $1.84 Standard ounces
The following data is given for the Stringer Company: Budgeted production 967 units Actual production 1,015 units Materials: Standard price per ounce $1.84 Standard ounces per completed unit 11 Actual ounces purchased and used in production 11,500 Actual price paid for materials $23,575 Labor: Standard hourly labor rate $14.72 per hour Standard hours allowed per completed unit 4.7 Actual labor hours worked 5,227.25 Actual total labor costs $79,716 Overhead: Actual and budgeted fixed overhead $1,190,000 Standard variable overhead rate $25.00 per standard labor hour Actual variable overhead costs $146,363 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 a.$2,415 favorable b.$2,415 unfavorable c.$6,037.5 unfavorable d.$6,037.5 favorable
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