The following data are given for Stringer Company: Budgeted production Actual production Materials: Standard price per ounce Standard ounces per completed unit Actual ounces purchased and used in production Actual price paid for materials Labor: Standard hourly labor rate Standard hours allowed per completed unit Actual labor hours worked Actual total labor costs Overhead: Actual and budgeted fixed overhead Standard variable overhead ate Actual variable overhead costs Overhead is applied on standard labor hours. The direct materials quantity variance is 965 units 1,067 units $1.95 11 12,089 $24,782 $14.56 per hour 4.1 5,495.05 $83,800 $1,138,000 $24.00 per standard labor hour $153,861

The following data are given for Stringer Company: Budgeted production Actual production Materials: Standard price per ounce Standard ounces per completed unit Actual ounces purchased and used in production Actual price paid for materials Labor: Standard hourly labor rate Standard hours allowed per completed unit Actual labor hours worked Actual total labor costs Overhead: Actual and budgeted fixed overhead Standard variable overhead ate Actual variable overhead costs Overhead is applied on standard labor hours. The direct materials quantity variance is 965 units 1,067 units $1.95 11 12,089 $24,782 $14.56 per hour 4.1 5,495.05 $83,800 $1,138,000 $24.00 per standard labor hour $153,861

Name: The following data are given for Stringer Company:Budgeted production
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Description: The following data are given for Stringer Company:Budgeted productionActual productionMaterials:Standard price per ounceStandard ounces per completed unitActual ounces purchased and used in productionActual price paid for materialsLabor:Standard hou

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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