Question: Use this information for Stringer Company to answer the question that follow. The following data are given for Stringer Company: 918 units Actual production 1,003
Use this information for Stringer Company to answer the question that follow. The following data are given for Stringer Company: 918 units Actual production 1,003 units Materials: Standard price per ounce $1.95 Standard ounces per completed unit Actual ounces purchased and used in production 11,364 Actual price paid for materials $23,296 Labor: Standard hourly labor rate $14.85 per hour Standard hours allowed per completed unit 4.3 Actual labor hours worked 5,165.45 Actual total labor costs $78,773 Overhead: Actual and budgeted fixed overhead $1,009,000 Standard variable overhead rate $24.00 per standard labor hour Actual variable overhead costs $144,633 Overhead is applied on standard labor hours. The direct materials quantity vari nce is a. $1,136.20 favorable Ob $1,136.20 unfavorable C. $645.45 unfavorable Od. $645.45 favorable All work saved
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