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Question Description:

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🙁 1 answer below » The following data is given for the stringer Company: View complete question » Budgeted production 1,035 units Actual production 916 units Materials: Standard price per ounce $1.83 Standard ounces per completed unit 10 Actual ounces purchased and used in production 8,885 Actual price paid for materials $18,214 Labor: Standard hourly labor rate $15.00 per hour Standard hours allowed per completed unit 4.0 Actual The following data is given for the stringer Company: Budgeted production 1,035 units Actual production 916 units Materials: Standard price per ounce $1.83 Standard ounces per completed unit 10 Actual ounces purchased and used in production 8,885 Actual price paid for materials $18,214 Labor: Standard hourly labor rate $15.00 per hour Standard hours allowed per completed unit 4.0 Actual labor hours worked 4,717.4 Actual total labor costs $71,940 Overhead: Actual and budgeted fixed overhead $1,107,696 Standard variable overhead rate $26.00 per standard labor hour Actual variable overhead costs $132,087 Overhead is applied on standard labor hours. Determine the direct material quantity variance. Select the correct answer. a. 1,954
F b. 1,954
U c. 503
F d. 503
U View less » Dec 07 2013 02:03 AM

Answer

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