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. Valenti's 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 $1,700 favorable $790 favorable O $3.000 favorable O O $1,700 unfavorable