Tommy's Toys produces two types of toys: trains and dolls. Tommy's uses stainless steel to manufacture the trains and plastic to manufacture the dolls. Information regarding the usage of steel and plastic for the past year follows: Steel Plastic 0.5 lb. ? Product Names Direct materials information Standard pounds per unit Standard Price (SP) per pound Actual Quantity (AQ) used per unit Actual Price (AP) paid for material Actual Quantity Purchased (AQP) and used Price variance Quantity variance Flexible budget variance Number of units produced 2 lb. $2.75 2.5 lbs. $1.75 2,300 lbs. ? $378 U ? 275 3 lbs. $2.75 800 lbs. $1,600 F ? $662 F 500 What is the price variance for steel used to manufacture the trains? A. $688 unfavorable B. $2,300 unfavorable C. $2,300 favorable D. $688 favorable