Question: The following data is given for the Stringer Company: Budgeted production 975 units Actual production 1,019 units Materials: Standard price per ounce $1.93 Standard ounces

The following data is given for the Stringer Company:

Budgeted production 975 units
Actual production 1,019 units
Materials:
Standard price per ounce $1.93
Standard ounces per completed unit 11
Actual ounces purchased and used in production 11,545
Actual price paid for materials $23,667
Labor:
Standard hourly labor rate $14.69 per hour
Standard hours allowed per completed unit 5.0
Actual labor hours worked 5,247.85
Actual total labor costs $80,030
Overhead:
Actual and budgeted fixed overhead $1,091,000
Standard variable overhead rate $27.00 per standard labor hour
Actual variable overhead costs $146,940
Overhead is applied on standard labor hours.

Round your final answer to the nearest dollar. Do not round interim calculations.

The direct materials price variance is

a.$1,385.4 unfavorable

b.$3,463.5 unfavorable

c.$3,463.5 favorable

d.$1,385.4 favorable

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