Christopher Akers is the chief executive officer of SBL Inc., a masonry contractor. The financial statements have just arrived showing a $3,000 loss on the new stadium job that was budgeted to show a $6,000 profit. Actual and budget information relating to the materials for the job are as follows. Actual Bricks - number of bundles 3,000 Budget 2.850 Bricks - cost per bundle $7.90 $8.00 Which one of the following is a correct statement regarding the stadium job for SBL? The price variance was favorable by $285 The price variance was favorable by $300 The flexible budget variance was unfavorable by $900 The efficiency variance was unfavorable by $1,185