Ravena Labs., Inc. makes a single product which has the following standards: Direct materials: 2.5 ounces at $20 per ounce Direct labor: 1.4 hours at $12.50 per hour Variable manufacturing overhead: 1.4 hours at 3.50 per hour Variable manufacturing overhead is applied pn.the basis.of standard direct labor-hours. The following data are available for October: - 3,750 units of compound were produced during the month. - There was no beginning direct materials inventory. - Direct materials purchased: 12,000 ounces for $225,000. - The ending direct materials inventory was 2,000 ounces. - Direct labor-hours worked: 5,600 hours at a cost of $67,200. - Variable manufacturing overhead costs incurred amounted to $18,200. - Variable manufacturing overhead applied to products: $18,375. 28 - The materials price variance for October is: A) $15,000 Unfavorable B) $15,000 Favorable C) $25,000 Unfavorable D) $25,000 Favorable 29 - The materials quantity variance for October is: A) $52,500 Unfavorable B) $52,500 Favorable C) $12,500 Unfavorable D) $12,500 Favorable 30 -The labor efficiency variance for October is: A) $1,400 Favorable B) $1,900 Unfavorable C) $3,750 Favorable D) $4,375 Unfavorable