Fairy Company reported the following flexible budget, as-if budget, and actual results. The company's materials quantity variance

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Fairy Company reported the following flexible budget, as-if budget, and actual results. The company's materials quantity variance is:

Flexible Budget "As-if" Budget Actual Results

Direct Materials $7,000 $4,000 $6,000

Direct Labor $12,000 $13,000 $13,500

$3,000 Unfavorable
$3,000 Favorable
$2,000 Unfavorable
$2,000 Favorable

Related Book For answer-question

Corporate Financial Accounting

ISBN: 978-1133952411

12th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

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Posted Date: Dec 22, 2020 04:31 AM

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Fairy Company reported the following flexible budget, as-if budget, and actual results. The company's materials quantity variance

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Corporate Financial Accounting

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