Use this information for Stringer Company to answer the question that follow. The following data are given for Stringer Company: Budgeted production 945 units Actual production 1,009 units Materials: Standard price per ounce $1.78 Standard ounces per completed unit 10 Actual ounces purchased and used in production 10,393 Actual price paid for materials $21,306 Labor: Standard hourly labor rate $14.66 per hour St hours allowed per completed unit 4.6 Actual labor hours worked 5,196.35 Actual total labor costs $79,244 Overhead: Actual and budgeted fixed overhead $1,051,000 Standard variable overhead rate $27.00 per standard labor hour Actual variable overhead costs $145,498 Overhead is applied on standard labor hours. Round your intermediate calculations and final answer to the nearest cent. The direct materials price variance is Oa. $7,015.27 favorable Ob. $2,806.11 favorable Oc. $2,806.11 unfavorable Od. $7,015.27 unfavorable Calculator Use this information for Stringer Company to answer the question that follow. The following data are given for Stringer Company: 927 units 1,043 units $1.82 10 10,743 $22,023 Budgeted production Actual production Materials: Standard price per ounbe 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. The direct materials quantity variance is Oa. $2,470.74 favorable Ob. $2,470.74 unfavorable Oc. $569.66 unfavorable Od. $569.66 favorable $14.39 per hour 4.1 5,371.45 $81,915 $1,119,000 $24.00 per standard labor hour $150,401