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The following data is given for the Stringer Company: Budgeted production 920 units Actual production 1,035 units Materials: Standard price per ounce $1.77 Standard ounces
The following data is given for the Stringer Company:
Budgeted production | 920 units |
Actual production | 1,035 units |
Materials: | |
Standard price per ounce | $1.77 |
Standard ounces per completed unit | 11 |
Actual ounces purchased and used in production | 11,727 |
Actual price paid for materials | $24,040 |
Labor: | |
Standard hourly labor rate | $14.56 per hour |
Standard hours allowed per completed unit | 4.6 |
Actual labor hours worked | 5,330.25 |
Actual total labor costs | $81,286 |
Overhead: | |
Actual and budgeted fixed overhead | $1,145,000 |
Standard variable overhead rate | $26.00 per standard labor hour |
Actual variable overhead costs | $149,247 |
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.$3,283.56 favorable
b.$3,283.56 unfavorable
c.$8,208.9 unfavorable
d.$8,208.9 favorable
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