The following data are given for Stringer Company: 911 units Budgeted production Actual production 1,099 units Materials: $1.97 11 Standard price per ounce Standard ounces per completed unit Actual ounces purchased and used in production Actual price paid for materials 12,452 $25,527 Labor: $14.12 per hour Standard hourly labor rate Standard hours allowed per completed unit Actual labor hours worked 4.0 5,659.85 $86,313 Actual total labor costs Overhead: Actual and budgeted fixed overhead Standard variable overhead rate $1,042,000 $28.00 per standard labor hour Actual variable overhead costs $158,476 Overhead is applied on standard labor hours. Round your intermediate calculations and final answer to the nearest cent. The direct materials price variance is a. $996.16 favorable Ob. $2,490.40 unfavorable Oc. $2,490.40 favorable Od. $996.16 unfavorable