Question: A company's flexible budgeted cost for indirect materials, a variable overhead cost, is $2.15 per unit of output. The company's flexible budget performance report for

A company's flexible budgeted cost for indirect materials, a variable overhead cost, is $2.15 per unit of output. The company's flexible budget performance report for last month showed a $4,500 favorable variance for the indirect materials. During that month, 19,700 units were produced. Budgeted activity for the month had been 19,000 units. The actual costs incurred for indirect materials were

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