(Solved): The following data are given for Stringer Company: Budgeted production 26,000 units Actual producti ...

The following data are given for Stringer Company: Budgeted production 26,000 units Actual production 27,500 units Materials: Standard price per ounce \( \$ 6.50 \) Standard ounces per completed unit 8 Actual ounces purchased and used in production \( \quad 228,000 \) Actual total price paid for materials \( \quad \$ 1,504,800 \) Labor: Standard hourly labor rate \( \$ 22 \) per hour Standard hours allowed per completed unit \( 6.6 \) Actual labor hours worked 183,000 Actual total labor costs \( \$ 4,020,000 \) Overhead: Actual and budgeted fixed overhead \( \$ 1,029,600 \) Standard variable overhead rate \ \( \quad \$ 24.50 \) per standard labor hour Actual variable overhead costs \( \$ 4,520,000 \) Overhead is applied on standard labor hours. The direct materials quantity variance is a. \( \$ 22,800 \) favorable \( X \) b. \( \$ 22.800 \) unfavorable c. \( \$ 52.000 \) unfavorable d. \( \$ 52.000 \) favorable