Online teaching and learning resou Calculator The following data is given for th
ID: 2566822 • Letter: O
Question
Online teaching and learning resou Calculator The following data is given for the Stringer Company Budgeted production Actual production Materials: 936 units 1,031 units Standard price per ounce Standard ounces per completed unit Actual ounces purchased and used in production Actual price paid for materials 1.79 10 10,619 $21,769 Labor: Standard hourly labor rate Standard hours allowed per completed unit Actual labor hours worked Actual total labor costs $14.37 per hour 4.7 5,309.65 $80,972 Overhead: Actual and budgeted fixed overhead $1,123,000 $28.00 per standard labor hour $148,670 Standard variable overhead rate Actual variable overhead costs Overhead is applied on standard labor hours The direct materials quantity variance is Ca. 2,760.99 fevorable Ob2,760.99 unfavorable c.553.11 unfavorable Od. 553.11 favorableExplanation / Answer
1)Direct material quantity=SP(AQ-Sq)
SP=standard price
AQ= actual qunatity used
SQ=STANDARD QUANTITY ALLOWED
=1.79*(10619-(10*936))
=553.11and it is U
It is option C
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