Use This Information for Stringer Company to Answer the Questions

question 105

Multiple Choice

Use this information for Stringer Company to answer the questions that follow.
​The following data are given for Stringer Company:
​
Overhead is applied on standard labor hours.
-The direct materials quantity variance is

• A) $22,800 favorable
• B) $22,800 unfavorable
• C) $52,000 favorable
• D) $52,000 unfavorable

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Definitions:

Salaries

Payments made to employees for their labor or services over a period.

Social Security Tax

Definition: Taxes collected by governments to fund social security programs, typically levied on both employers and employees.

Medicare Tax

A federal tax taken from earnings to fund the Medicare program, which provides health insurance for individuals aged 65 and older.

Employer Payroll Taxes

Taxes that employers are required to pay on behalf of their employees, including contributions to social security, Medicare, and unemployment taxes.