Blue Lite Manufactures Decorative Weather Vanes That Have a Standard

Multiple Choice

Blue Lite manufactures decorative weather vanes that have a standard materials cost of two pounds of raw materials at $2 per pound. During November 500 pounds of raw materials costing $4 per pound were used in making 450 weather vanes.
The materials price and quantity variance are:

A) Material Price Variance 1,000 F, Material Quantity variance 800 F
B) Material Price Variance 1,000 U, Material Quantity variance 800 F
C) Material Price Variance 500 F, Material Quantity variance 400 U
D) Material Price Variance 500 U, Material Quantity variance 400 F