Question: The following data is given for the stringer Company: Budgeted production 1,012 units Actual production 950 units Materials: Standard price per ounce $1.92 Standard pounds

The following data is given for the stringer Company:

Budgeted production 1,012 units
Actual production 950 units
Materials:
Standard price per ounce $1.92
Standard pounds per completed unit 11
Actual pounds purchased and used in production 10,137
Actual cost of materials $20,781
Labor:
Standard hourly labor rate $15.00 per hour
Standard hours allowed per completed unit 4.0
Actual labor hours worked 4,892.5
Actual total labor costs $74,611
Overhead:
Actual and budgeted fixed overhead $1,099,554
Standard variable overhead rate $26.00 per standard labor hour
Actual variable overhead costs $136,990
Overhead is applied on standard labor hours.

Determine the direct material quantity variance.

Select the correct answer.

1,318 F
1,318 U
601 F
601 U

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