16

The following data is given for the Stringer Company:

Budgeted production	1,045 units
Actual production	931 units
Materials:
Standard price per ounce	$1.8
Standard pounds per completed unit	12
Actual pounds purchased and used in production	10,837
Actual cost of materials	$22,216
Labor:
Standard hourly labor rate	$15.00 per hour
Standard hours allowed per completed unit	4.0
Actual labor hours worked	4,794.65
Actual total labor costs	$73,118
Overhead:
Actual and budgeted fixed overhead	$1,076,177
Standard variable overhead rate	$26.00 per standard labor hour
Actual variable overhead costs	$134,250
Overhead is applied on standard labor hours.

Determine the direct material price variance. Round your answer to nearest whole number

Select the correct answer.

$2,709 U

$37,426 U

$603 F

$2,106 F