Question: Our static budget (put together before the fact) called for us to spend $22,000 on materials. Our flexible budget (put together after the fact) called

Our static budget (put together before the fact) called for us to spend $22,000 on materials. Our flexible budget (put together after the fact) called for us to spend $18,000 on materials. After the period ended, we discover that we actually spent $20,000 on materials, would this be a favorable or unfavorable variance?

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