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The following data is given for the Stringer Company: Budgeted production 919 units Actual production Materials: Standard price per ounce Standard ounces per completed
The following data is given for the Stringer Company: Budgeted production 919 units Actual production Materials: Standard price per ounce Standard ounces per completed unit Actual ounces purchased and used in production Actual price paid for materials Labor: 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 Actual variable overhead costs Overhead is applied on standard labor hours. 1,021 units $1.94 12 12,620 $25,871 $14.13 per hour 4.2 5,258.15 $80,187 $1,004,000 $25.00 per standard labor hour Round your final answer to the nearest dollar. Do not round interim calculations. The direct materials price variance is $147,228 a. $1,388.2 unfavorable b. $3,470.5 unfavorable c. $3,470.5 favorable Od. $1,388.2 favorable
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