Gamma Manufacturing has prepared the following flexible budget for October and it is in the process of interpreting the variances. F denotes a favorable variance and U denotes an unfavorable variance. Material A Material B Direct labor Flexible Budget $20.000 30.000 40.000 Variances Price Rate Use Efficiency $1.000 1 $3.000 U 500 1.500 F 300 2.500 F What is the most likely explanation of the above variances for Material A? Material A used during October was $2,000 less than expected A lower price than expected was paid for Material A Higher quality raw materials were used than were planned The company used a new supplier