A company makes fudge in a batch process, i$.$e$.$ they prepare, mix and cook the ingredients in small batches, followed by a thorough cleanup of the equipment after each batch. For the month of September, the facts are as follows:

budgeted production in pounds: $20000$

budgeted # of batches: $160$

budgeted batch setup and cleanup costs expected to total: $$8800$

actual production in pounds: $24000$

actual # of batches: $200\mathrm{.}9$

actual batch setup and cleanup costs totaled: $$15000$

The rate$/$price and efficiency variances associated with the batch making process are

Question $7$ options:

$$4,500$U efficiency variance; $$60$F rate$/$price variance

$$3,000$F efficiency variance; $$6,000$ U rate$/$price variance

$$490$U efficiency variance; $$3950$U rate$/$price variance

$$440$U efficiency variance; $$4,000$U rate$/$price variance