The standard unit cost is used in the calculation of which of the following variances? $\begin{array}{lc}\text{ Materials Price Variance }& \text{ Materials Quantity Variance }\end{array}$
A) $\begin{array}{lcccccccccccccc}& & & & \text{ No }& & & & & & & & & & \text{ No }\end{array}$
B) $\begin{array}{lcccccccccccccc}& & & & \text{ No }& & & & & & & & & & \text{ Yes }\end{array}$
C) $\begin{array}{lcccccccccccccc}& & & & \text{ Yes }& & & & & & & & & & \text{ No }\end{array}$
D) $\begin{array}{lcccccccccccccc}& & & & \text{ Yes }& & & & & & & & & & \text{ Yes }\end{array}$

Standard Unit Cost

The fixed cost calculated to produce one unit of a product, including labor, materials, and overhead.

Materials Price Variance

Refers to the difference between the actual cost of materials and the expected (or standard) cost.

Materials Quantity Variance

A measure of the difference between the actual quantity of materials used in production and the expected (or standard) quantity, indicating efficiency.