The following data are given for Stringer Company: 906 units 1,034 units $1.90 10,650 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 $21,832 $14.99 per hour 4.4 5,325.1 $81,208 Overhead: Actual and budgeted fixed overhead Standard variable overhead rate $1,124,000 $24.00 per standard labor hour $149,103 Actual variable overhead costs Overhead is applied on standard labor hours. Do not round interim calculations. Round your final answer to the nearest dollar. The direct materials price variance is 10 Standard ounces per completed unit Actual ounces purchased and used in production Actual price paid for materials 10,650 $21,832 $14.99 per hour 4.4 5,325.1 $81,208 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 $1,124,000 $24.00 per standard labor hour $149,103 Overhead is applied on standard labor hours. Do not round interim calculations. Round your final answer to the nearest dollar. The direct materials price variance is a. $3,994 favorable b. $3,994 unfavorable c. $1,597 favorable d. $1,597 unfavorable