Question: please workout and explain steps and why its unfavorable or favorable The following data are given for Stringer Company: Budgeted production 26,000 units Actual production

please workout and explain steps and why its unfavorable or favorable
please workout and explain steps and why its unfavorable or favorable The

The following data are given for Stringer Company: Budgeted production 26,000 units Actual production 27,500 units Materials: Standard price per ounce $6.50 Standard ounces per completed unit 8 Actual ounces purchased and used in production 228,000 Actual total price paid for materials $1,504,800 Labor: Standard hourly labor rate $22 per hour Standard hours allowed per completed unit 6.6 Actual labor hours worked 183,000 Actual total labor costs $4,020,000 Overhead: Actual and budgeted fixed overhead $1,029,600 Standard variable overhead rate $24.50 per standard labor hour Actual variable overhead costs $4,520,000 Overhead is applied on standard labor hours. The direct materials quantity variance is a. $22,800 favorable X b. $22,800 unfavorable c. 552.000 unfavorable d. $52.000 favorable

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