Reference no: EM132115582

Question - The following data is given for the stringer Company:

Budgeted production 1,044 units

Actual production 925 units

Materials: Standard price per ounce $1.78

Standard pounds per completed unit 10

Actual pounds purchased and used in production 8,973

Actual cost of materials $18,395

Labor: Standard hourly labor rate $15.00 per hour

Standard hours allowed per completed unit 4.0

Actual labor hours worked 4,763.75

Actual total labor costs $72,647

Overhead: Actual and budgeted fixed overhead $1,081,997

Standard variable overhead rate $28.00 per standard labor hour

Actual variable overhead costs $133,385

Overhead is applied on standard labor hours.

Determine the direct material quantity variance.

2,423 F

2,423 U

493 F

493 U