Use this information for Stringer Company to answer the question that follow. The following data are given for Stringer Company: Budgeted production Actual production 959 units 1,091 units Materials: Standard price per ounce $1.79 Standard ounces per completed unit 12 Actual ounces purchased and used in production 13,485 Actual price paid for materials $27,644 Labor: Standard hourly labor rate $14.39 per hour Standard hours allowed per completed unit 4.6 Actual labor hours worked 5,618.65 Actual total labor costs $85,684 Overhead: Actual and budgeted fixed overhead $1,076,000 Standard variable overhead rate $28.00 per standard labor hour Actual variable overhead costs $157,322 Overhead is applied on standard labor hours. Round your intermediate calculations and final answer to the nearest cent. The direct materials price variance is Oa. $3,506.10 unfavorable Ob. $8,765.25 unfavorable Oc. $8,765.25 favorable Od. 3,506.10 favorable