Question: The following data are given for Stringer Company: 947 units Budgeted production Actual production Materials: 1,018 units Standard price per ounce $1.89 Standard ounces per

The following data are given for Stringer Company: 947 units Budgeted production Actual production Materials: 1,018 units Standard price per ounce $1.89 Standard ounces per completed unit 12 Actual ounces purchased and used in production 12,582 Actual price paid for materials $25,793 Labor: Standard hourly labor rate $14.52 per hour Standard hours allowed per completed unit 4.6 Actual labor hours worked 5,242.7 $79,951 Actual total labor costs Overhead: Actual and budgeted fixed overhead $1,155,000 Standard variable overhead rate Actual variable overhead costs $27.00 per standard labor hour $146,796 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. $5,033 unfavorable b. $2,013 favorable c. $5,033 favorable
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