Vin Corporation Has the Following Data Related to 100 Units

Multiple Choice

Vin Corporation has the following data related to 100 units of final product: $\begin{array} { l } \text {Materials: }\\ \text {Standard: }& \text { 300 pounds at \( \$ 3.00 \) per pound}\\ \text { Actual:}& \text {280 pounds at \( \$ 2.75 \) per pound }\\\end{array}$

What is the material usage variance for Vin Corporation?

A) $60 favorable
B) $60 unfavorable
C) $55 favorable
D) $55 unfavorable