Question: Use this information for Stringer Company to answer the question that follow. The following data are given for Stringer Company: Budgeted production 940 units Actual

Use this information for Stringer Company to answer the question that follow.

The following data are given for Stringer Company:

Budgeted production 940 units
Actual production 1,095 units
Materials:
Standard price per ounce $1.85
Standard ounces per completed unit 10
Actual ounces purchased and used in production 11,279
Actual price paid for materials $23,122
Labor:
Standard hourly labor rate $14.37 per hour
Standard hours allowed per completed unit 4.9
Actual labor hours worked 5,639.25
Actual total labor costs $85,999
Overhead:
Actual and budgeted fixed overhead $1,017,000
Standard variable overhead rate $24.00 per standard labor hour
Actual variable overhead costs $157,899
Overhead is applied on standard labor hours.

Round your intermediate calculations and final answer to the nearest cent.

The direct materials price variance is

a.$2,255.80 unfavorable

b.$2,255.80 favorable

c.$5,639.50 favorable

d.$5,639.50 unfavorable

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