Please show formula used to get answer. *24. Th e following data...
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Accounting
Please show formula used to get answer.
*24. Th e following data is given for the stringer Company: Budgeted production Actual production Materials: 1006 units 933 units Standard price per ounce $%1.88 Standard ounces per completed unit 11 Actual ounces purchased and used in production Actual price paid for materials $%20408 9955 Labor: Standard hourly labor rate $14.00 per hour Standard hours allowed per completed unit 5.0 Actual labor hours worked 4804.95 Actual total labor costs $73275 Overhead: Actual and budgeted fixed overhead $1117041 Standard variable overhead rate $%26.00 per standard labor hour Actual variable overhead costs $134539 Overhead is applied on standard labor hours. Determine the direct material quantity variance. a. 1693 F
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