Use this information for Stringer Company to answer the questions that follow. The following data are given for Stringer Company: 26,000 units 27,500 units $6.50 8 228,000 Budgeted production Actual production Materials: Standard price per ounce Standard ounces per completed unit Actual ounces purchased and used in production Actual total 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 $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 quantity variance is $22,800 favorable $22,800 unfavorable $52,000 favorable $52,000 unfavorable