lestion Completion Status: QUESTION 15 The following data is given for the Stringer Company: 26,000 units 27,500 units $6.50 228,000 $1,504,800 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 $22 per hour 6.6 183,000 $4,020,000 $1,029,600 $24.50 per standard labor hour S4,520,000 Overhead is applied on standard labor hours. The direct materials quantity variance is a. 22,800 favorable b. 52,000 unfavorable c. 22,800 unfavorable d. 52,000 favorable The following data is given for the Stringer Company: 26,000 units 27,500 units $6.50 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 228,000 $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 a. 22,800 favorable b. 52,000 unfavorable c. 22,800 unfavorable 0.52,000 favorable