Syrup Traps, Inc. manufactures professional grade waffle irons. The standard direct material unit cost for its most popular waffle iron is $48 per waffle iron. The standard input ratio for direct material is 2.4 ounces per waffle iron. In a recent month, 5, 100 ounces of direct material were used in the production of 2,040 waffle irons. The actual cost of direct material purchased during the month was $90,000. A favorable total direct material variance of $6,120 was reported for the month. Which of the following statements is correct with regard to the direct material variances calculated for the above data? O A. The net decrease in the company's raw material inventory during the period was 100 ounces. B. The direct material quantity variance is $9,792 unfavorable. C. The actual price paid per ounce of direct material was $0.40 more than the standard price per ounce of direct material. D. The direct material price variance is $10,200 favorable. E. The production manager is responsible for both the direct material price variance and the direct material quantity variance