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

The following data are given for Stringer Company:

Budgeted production	920 units
Actual production	1,021 units
Materials:
Standard price per ounce	$1.81
Standard ounces per completed unit	11
Actual ounces purchased and used in production	11,568
Actual price paid for materials	$23,714
Labor:
Standard hourly labor rate	$14.51 per hour
Standard hours allowed per completed unit	4.4
Actual labor hours worked	5,258.15
Actual total labor costs	$80,187
Overhead:
Actual and budgeted fixed overhead	$1,093,000
Standard variable overhead rate	$26.00 per standard labor hour
Actual variable overhead costs	$147,228
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.$2,776.32 favorable

b.$6,940.80 unfavorable

c.$6,940.80 favorable

d.$2,776.32 unfavorable