Question: The following data is given for the Stringer Company: Budgeted production 900 units Actual production 1,056 units Materials: Standard price per ounce $1.9 Standard ounces
The following data is given for the Stringer Company:
| Budgeted production | 900 units |
| Actual production | 1,056 units |
| Materials: | |
| Standard price per ounce | $1.9 |
| Standard ounces per completed unit | 12 |
| Actual ounces purchased and used in production | 13,052 |
| Actual price paid for materials | $26,757 |
| Labor: | |
| Standard hourly labor rate | $14.30 per hour |
| Standard hours allowed per completed unit | 5.0 |
| Actual labor hours worked | 5,438.4 |
| Actual total labor costs | $82,936 |
| Overhead: | |
| Actual and budgeted fixed overhead | $1,153,000 |
| Standard variable overhead rate | $28.00 per standard labor hour |
| Actual variable overhead costs | $152,275 |
| Overhead is applied on standard labor hours. | |
The direct materials quantity variance is
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