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The following data is given for the Stringer Company: Budgeted production Actual production Materials: 947 units 1,097 units Standard price per ounce Standard ounces per
The following data is given for the Stringer Company: Budgeted production Actual production Materials: 947 units 1,097 units Standard price per ounce Standard ounces per completed unit Actual ounces purchased and used in production Actual price paid for materials $1.87 12,429 $25,479 Standard hourly labor rate Standard hours allowed per completed unit Actual labor hours worked Actual total labor costs $14.47 per hour 4.8 5,649.55 $86,156 Overhead: $1,118,000 $25.00 per standard labor hour $158,187 Actual and budgeted fixed overhead Standard variable overhead rate Actual variable overhead costs Overhead is applied on standard labor hours. The direct materials quantity variance is Oa. 2,236.77 favorable b. 2,236.77 unfavorable c. 676.94 unfavorable Od. 676.94 favorable
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