The Bach Company Provides the Following Standard and Actual Cost

Multiple Choice

The Bach Company provides the following standard and actual cost relating to material price and labor usage.Based on the above information, which statement is correct? $\begin{array}{lll}\text { Item to Classify }&\text {Standard}&\text { Actual }\\\text { Materials Price } & 8.50 \text { per gallon } & 8.35 \text { per gallon } \\\text { Labor Usage } & 30,000 \text { hours } & 28.500 \text { hours }\end{array}$

A) Both the material price variance and the labor usage variance are unfavorable.
B) Both the materials price variance and the labor usage variance are favorable.
C) The labor usage variance is unfavorable.
D) The materials price variance is unfavorable.