The following data is given for the Stringer Company: 
Overhead is applied on standard labor hours.
The direct material price variance is:
Definitions:
Public Good
A product or service that is provided without profit to all members of a society, either by the government or a private individual or organization.
Total Benefits
The complete range of advantages or improvements gained from a product or service, often assessed in economic terms.
Total Costs
Total Costs refer to the complete sum of all expenses incurred by a company in producing and selling goods or services, including both fixed and variable costs.
Limited
Refers to a finite amount or scope, often used in the context of resources, capabilities, or availability.
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