To produce Product A 2 kg of material X at Rs 10 per kg is required . During February 800 units of Product, A were produced. Actual price paid for material X is Rs 9 per kg and total cost Rs 15,300. Determine material cost variance.

• A. Rs 700 favorable
• B. Rs 700 unfavorable
• C. Inadequate data
• D. None of the above