Northern Company provided the following information for the production of 5,000 packages of waffles for the month of May: Standard pounds of flour per package of waffles 1.70 pounds Actual pounds of flour used: 8,000 pounds 2 Standard price paid per pound of flour: $0.65 Actual price paid per pound of flour: $0.50 3 Based on the given information, the materials usage variance is: 4 Oa. $325 unfavorable. 5 b. $325 favorable. 6 O c. c. $240 favorable. Od. $240 unfavorable. 7 8