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The following data is given for the Stringer Company: Budgeted production 925 units Actual production 1,076 units Materials: Standard price per ounce $1.77 Standard ounces
The following data is given for the Stringer Company: Budgeted production 925 units Actual production 1,076 units Materials: Standard price per ounce $1.77 Standard ounces per completed unit 12 Actual ounces purchased and used in production 13,299 Actual price paid for materials $27,263 Labor: Standard hourly labor rate $14.58 per hour Standard hours allowed per completed unit 4.8 Actual labor hours worked 5,541.4 Actual total labor costs $84,506 Overhead: Actual and budgeted fixed overhead $1,170,000 Standard variable overhead rate $24.00 per standard labor hour Actual variable overhead costs $155,159 Overhead is applied on standard labor hours. The direct materials quantity variance is a. 3,723.77 favorable b. 3,723.77 unfavorable c. 684.99 unfavorable d. 684.99 favorable
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