RJB Builders Makes Mouldings

Multiple Choice

RJB Builders makes mouldings.Its standard quantity of material allowed is 1 m of wood per 1 m of moulding at a standard price of $2.00 per metre.During September,RJB Builders purchased 500,000 m of wood at a cost of $1.90 per metre,which produced only 499,000 m of moulding.What was the materials price variance and the materials usage variance,respectively?

A) $49,900 U and $2,000 F
B) $49,900 F and $1,900 U
C) $50,000 F and $1,900 U
D) $50,000 F and $2,000 U