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Ravena Labs., Incorporated makes a single product which has the following standards: Direct materials: 2.5 ounces at $20 per ounce Direct labor: 1.4 hours at $12.50 per hour Varlable manufacturing overhead: 1.4 hours at 3.50 per hour Variable manufacturing overhead is applied on the basis of standard direct labor-hours. The following data are available for October: - 3,750 units of compound were produced during the month. - There was no beginning direct materials inventory. - Direct materials purchased: 12,000 ounces for $225,000. - The ending direct materlals inventory was 2,000 ounces. - Direct labor-hours worked: 5,600 hours at a cost of $67,200. - Variable manufacturing overhead costs incurred amounted to $18,200. - Varlable manufacturing overhead applled to products: $18,375. The materials price variance for October is: Multiple Choice The materials price varlance for October is: Multiple Choice \$15,000 Unfavorable \$15,000 Favorable $25,000 Unfavorable $25,000 Favorable