The Valenti Company uses flexible budgeting for cost control. Valenti produced 11,500 units of product during October, incurring indirect material costs of $14,100. Valentis master budget reflected indirect material costs of $210,600 at a production volume of 156,000 units. What was the indirect material cost variance for October?

Multiple Choice

• $1,500 favorable

• $1,425 favorable

• $3,450 favorable

• $1,500 unfavorable