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The following data is given for the Stringer Company: Budgeted production 973...

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Accounting

The following data is given for the Stringer Company:

Budgeted production 973 units
Actual production 1,092 units
Materials:
Standard price per ounce $1.93
Standard ounces per completed unit 11
Actual ounces purchased and used in production 12,372
Actual price paid for materials $25,363
Labor:
Standard hourly labor rate $14.82 per hour
Standard hours allowed per completed unit 4.3
Actual labor hours worked 5,623.8
Actual total labor costs $85,763
Overhead:
Actual and budgeted fixed overhead $1,008,000
Standard variable overhead rate $28.00 per standard labor hour
Actual variable overhead costs $157,466
Overhead is applied on standard labor hours.

Round your final answer to the nearest dollar. Do not round interim calculations.

The direct materials price variance is

a.$1,484.64 unfavorable

b.$1,484.64 favorable

c.$3,711.6 unfavorable

d.$3,711.6 favorable

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