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

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Accounting

17.

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

The following data are given for Stringer Company:

Budgeted production 969 units
Actual production 1,009 units
Materials:
Standard price per ounce $1.95
Standard ounces per completed unit 12
Actual ounces purchased and used in production 12,471
Actual price paid for materials $25,566
Labor:
Standard hourly labor rate $14.25 per hour
Standard hours allowed per completed unit 4.6
Actual labor hours worked 5,196.35
Actual total labor costs $79,244
Overhead:
Actual and budgeted fixed overhead $1,154,000
Standard variable overhead rate $28.00 per standard labor hour
Actual variable overhead costs $145,498
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.$1,247.10 favorable

b.$3,117.75 unfavorable

c.$3,117.75 favorable

d.$1,247.10 unfavorable

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