The Valenti Company uses flexible budgeting for cost control. Valenti produced 11,300 units of product during October, incurring indirect material costs of $13,900. Valentis master budget reflected indirect material costs of $202,800 at a production volume of 156,000 units. What was the indirect material cost variance for October?

Multiple Choice

$3,000 favorable

$1,700 favorable

$1,700 unfavorable

$790 favorable