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The following data is given for the Stringer Company: Budgeted production Actual production Materials: 974...

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Accounting

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The following data is given for the Stringer Company: Budgeted production Actual production Materials: 974 units 1,078 units Standard price per ounce Standard ounces per completed unit Actual ounces purchased and used in production Actual price paid for materials $1.97 12,214 $25,039 Labor: Standard hourly labor rate Standard hours allowed per completed unit Actual labor hours worked Actual total labor costs $14.37 per hour 4.0 5,551.7 $84,663 Overhead: $1,054,000 $24.00 per standard labor hour $155,448 Actual and budgeted fixed overhead Standard variable overhead rate Actual variable overhead costs Overhead is applied on standard labor hours. The direct materials quantity variance is Oa. 977.42 favorable Ob. 977.42 unfavorable Oc 701.32 unfavorable Od. 701.32 favorable KPi Previous Next Ema ubmit Test for Grading All work saved

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