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The following data is given for the Stringer Company: Budgeted production 920 units Actual production 1,054 units Materials: Standard price per ounce $1.84 Standard ounces
The following data is given for the Stringer Company: Budgeted production 920 units Actual production 1,054 units Materials: Standard price per ounce $1.84 Standard ounces per completed unit 12 Actual ounces purchased and used in production 13,027 Actual price paid for materials $26,705 Labor: Standard hourly labor rate $14.73 per hour Standard hours allowed per completed unit 4.4 Actual labor hours worked 5,428.1 Actual total labor costs $82,779 Overhead: Actual and budgeted fixed overhead $1,194,000 Standard variable overhead rate $26.00 per standard labor hour Actual variable overhead costs $151,987 Overhead is applied on standard labor hours. Round your final answer to the nearest dollar. Do not round interim calculations. Round your final answer to the nearest dollar. Do not round interim calculations. The direct materials price variance is a. $2,735.67 unfavorable b. $2,735.67 favorable c. $6,839.175 favorable d. $6,839.175 unfavorable
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