Use this information for Stringer Company to answer the question that follow. The following data...
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Accounting
Use this information for Stringer Company to answer the question that follow. The following data are given for Stringer Company: 969 units 1,012 units $1.94 11 11,466 $23,505 Budgeted production Actual production Materials: Standard price per ounce Standard ounces per completed unit Actual ounces purchased and used in production Actual price paid for materials Labor: Standard hourly labor rate Standard hours allowed per completed unit Actual labor hours worked Actual total labor costs Overhead: 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. $1.260.96 favorable Ob. 1.260.96 unfavorable Oc. 5647 96 unfavorable Od. $647.96 favorable $14.93 per hour 4.6 5,211.8 $79,480 $1,105,000 $26.00 per standard labor hour $145,930
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