The following data are given for Stringer Corripany: Budgeted production 944 urits Actual production 1,042...
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Accounting
The following data are given for Stringer Corripany: Budgeted production 944 urits Actual production 1,042 units Materials: Standard price per ounce Standard cunces per completed unit 51.88 Actual ounces purchased and used in production. Actual price paid for materials Labor: Standard houriy labor tate $14.42 per hour Standard hours allowed per completed unit 4.5 Actual labor hours worked Actual total labor costs 5,366.3 Overhead: Actual and budgeted fixed overhead $1,169,000 Standard variable overhead rate $28.00 per standard labor hour Actual variable overhead costs $150,256 Overhead is applied on standard labor hours. The direct materials quantity variance is a. 2,189.48 fmorable b. 2,189.48 unimonable c. 70 Sod usfavorable d. Tes.o0 favorabls
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