The Standard Cost Card for a Batch of 3,000 Bottles

Multiple Choice

The Standard Cost Card for a batch of 3,000 bottles of shampoo includes the following:
1,500 litres of liquid S at £0.30 per litre
1) 5kg of powder P at £1.20 per kg
A batch of 3,000 bottles had the following usage:
1,700 litres of liquid S which cost £476 and 1.2kg of powder which cost £1.80
What are the material price and usage variances for the liquid?

A) The Usage Variance is £30 Favourable and the Price Variance is £56 Adverse
B) The Usage Variance is £56 Adverse and the Price Variance is £30 Favourable
C) The Usage Variance is £60 Adverse and the Price Variance is £34 Favourable
D) The Usage Variance is £34 Adverse and the Price Variance is £60 Favourable