Question: Please help with these 2 questions 1. 2. The following data is given for the Stringer Company: Budgeted production Actual production Materials 937 units 1,032
Please help with these 2 questions
1.

2.

The following data is given for the Stringer Company: Budgeted production Actual production Materials 937 units 1,032 units Standard price per ounce Standard ounces per completed unit Actual ounces purchased and used in production Actual price paid for materials $1.75 11,693 $23,971 Labor $14.70 per hour Standard hourly labor rate Standard hours allowed per completed unit Actual labor hours worked Actual total labor costs 5,314.8 $81,051 Overhead Actual and budgeted fixed overhead Standard variable overhead rate Actual variable overhead costs $1,084,000 $27.00 per standard labor hour $148,814 Overhead is applied on standard labor hours The direct materials quantity variance is Ca. 3,508.25 favorable b. 3,508.25 unfavorable oc. 596.75 unfavorable Od. 596.75 favorable
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