The following data is given for the Stringer Company Budgeted production Actual production Materials: 26,000 units 27,500 units $6.50 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 228,000 $1,504,800 $22 per hour 6.6 183,000 $4,020,000 $1,029,600 $24.50 per standard labor hour $4,520,000 Overhead is applied on standard labor hours. The direct materials price variance is a. $52,000 unfavorable b. $22,800 unfavorable Oc. $22,800 favorable d. $52,000 favorable