Question: The following data is given for the stringer Company: Budgeted production 1,035 units Actual production 916 units Materials: Standard price per ounce $1.83 Standard ounces

The following data is given for the stringer Company:

Budgeted production 1,035 units
Actual production 916 units
Materials:
Standard price per ounce $1.83
Standard ounces per completed unit 10
Actual ounces purchased and used in production 8,885
Actual price paid for materials $18,214
Labor:
Standard hourly labor rate $15.00 per hour
Standard hours allowed per completed unit 4.0
Actual labor hours worked 4,717.4
Actual total labor costs $71,940
Overhead:
Actual and budgeted fixed overhead $1,107,696
Standard variable overhead rate $26.00 per standard labor hour
Actual variable overhead costs $132,087
Overhead is applied on standard labor hours.

Determine the direct material quantity variance.

Select the correct answer.

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