Ingredient A$12$H is a material used to make Calvin Corporation's major product. The standard cost of Ingredient A$12$H is $$33\mathrm{.}00$ per ounce and the standard quantity is $3\mathrm{.}8$ ounces per unit of output. Data concerning the compound for October appear below:

Cost of material purchased in October $ $33\mathrm{.}10$ per ounce

Material purchased in October $2,800$ ounces

Material used in production in October $2,220$ ounces

Actual output in October $700$ units

The material was purchased on account and Calvin Corporation uses a standard costing system.

The Materials Efficiency Variance for October would be recorded as a:

debit of $$19,140.$

credit of $$14,520.$

debit of $$14,520.$

credit of $$19,140.$