The fallasing data is given for the Stringer Company Budgeted prodection ctual p

Question

The fallasing data is given for the Stringer Company Budgeted prodection ctual production Materials: 925 units 1.034 units $1.9 Standard price per cunce tandand ounces per completed unit Actual aunces purchased and used in 12 12.780 26,199 $14.73 ser hour Actual price paid for materials Labor Standard hourly labor ranse Standard tours allowed per completed unit Actual labor hours wmorke 5.325.1 $81,206 ctual tetal tabor coets Overhead Actul and tudgeted fixed overhead Standand variable overlhead tabe Actual variable overhead costt 1,053,000 $25.00 per standard labor hour 349,103 Overhead Is appied on standard labor hours The drect mateerials quantity variance in 1,917,00 avrable 1.937.00 urfaveratle 0706.80 uraverabl 70 80 faverable Next

Explanation / Answer

Direct material quantity variance = (Standard quantity -actual quantity )standard price

= (1034*12-12780)1.90

Direct material quantity variance = 706.80 Unfavourable

so answer is c) 706.80 Unfavourable

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