16.The following data is given for the Stringer Company: Budgeted production 906...
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Accounting
16.The following data is given for the Stringer Company:
| Budgeted production | 906 units |
| Actual production | 1,059 units |
| Materials: | |
| Standard price per ounce | $1.84 |
| Standard ounces per completed unit | 10 |
| Actual ounces purchased and used in production | 10,908 |
| Actual price paid for materials | $22,361 |
| Labor: | |
| Standard hourly labor rate | $14.81 per hour |
| Standard hours allowed per completed unit | 4.1 |
| Actual labor hours worked | 5,453.85 |
| Actual total labor costs | $83,171 |
| Overhead: | |
| Actual and budgeted fixed overhead | $1,002,000 |
| Standard variable overhead rate | $25.00 per standard labor hour |
| Actual variable overhead costs | $152,708 |
| Overhead is applied on standard labor hours. | |
Round your final answer to the nearest dollar. Do not round interim calculations.
The direct materials price variance is
a.$2,290.68 unfavorable
b.$5,726.7 unfavorable
c.$5,726.7 favorable
d.$2,290.68 favorable
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