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Use this information for Stringer Company to answer the question that follow. The following data are given for Stringer Company: Budgeted production Actual production
Use this information for Stringer Company to answer the question that follow. The following data are given for Stringer Company: Budgeted production 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. 941 units 1,007 units $1.95 11 11,409 $23,388 $14.96 per hour 4.3 5,186.05 $79,087 $1,118,000 $26.00 per standard labor hour Round your intermediate calculations and final answer to the nearest cent. The direct materials price variance is $145,209 Oa. $2,852.25 unfavorable Ob. $1,140.90 unfavorable Oc. $1,140.90 favorable Od. $2,852.25 favorable
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