NO Color Scheme e During the month of July, SETCO experienced a sharp, unexpected decline in the cost of one of its direct materials. The firm simically increased sladd production becaus price and sell more products. If SETCO uses a standard cost system properly, what would be the effect of the decrease in raw material price and the increase in the land of production variances? CD Material Price Variance O A) Favorable OB) Favorable O C) Favorable OD) Unfavorable Material Quantity Variance Unaffected Favorable Unfavorable Unfavorable NO Color Scheme e During the month of July, SETCO experienced a sharp, unexpected decline in the cost of one of its direct materials. The firm simically increased sladd production becaus price and sell more products. If SETCO uses a standard cost system properly, what would be the effect of the decrease in raw material price and the increase in the land of production variances? CD Material Price Variance O A) Favorable OB) Favorable O C) Favorable OD) Unfavorable Material Quantity Variance Unaffected Favorable Unfavorable Unfavorable