The following data is given for the Stringer Company: 966 units 1,019 units $1.84 11,545 $23,667 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 Overhead: Actual and budgeted fixed overhead Standard variable overhead rate Actual variable overhead costs Overhead is applied on standard labor hours. $14.33 per hour 5,247.85 $80,030 $1,147,000 $25.00 per standard labor hour $146,940 Round your final answer to the nearest dollar. Do not round interim calculations The direct materials price variance is a 52,424.45 favorable All work saved