972. If budgeted price of input is $70, actual quantity of input is 250 units and allowed budgeted quantity of input is 90 units, then efficiency variance will be

✅ The correct answer is option B.
Efficiency variance = (Actual quantity of input – Budgeted quantity of input) × Budgeted price of input
= (250 – 90) units × $70 = $11,200.