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50 The following data are given for Stringer Company: Budgeted production...

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Accounting

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The following data are given for Stringer Company: 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 957 units 1,000 units $1.901111,330$23,226 $14.61 per hour 5.0 5,150 $78,538 $1,136,000 $26.00 per standard labor hour $144,200 Overhead is applied on standard labor hours. Do not round interim calculations. Round your final answer to the nearest dollar. The direct materials price variance is a. $4,249 unfavorable b. $1,699 favorable c. $1,699 unfavorable

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