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Question 14 Clover Company produced 20,000 units this month and used 24,000 machine hours Clover's controller prepared the following static budget for manufacturing overhead costs based on 25.000 machine hours Variable Indirect materials $294.000 Variable Indirect laber 420,000 Factory supplies 42,000 Fixed Depreciation S126,000 Taxes 21,000 Supervision 105.000 During the month, Clover's actual costs were $1.75 per machine hour for factory supplies. What is the amount of difference for factory supplies shown on the company's manufacturing overhead flexible budget report? 55,320 favorable $1,680 unfavorable SI,750 unfavorable 50 - budgeted and actual costs were equal You Answered Correctly! Flexible budgets are prepared after a period is over to show budgeted amounts for the actual level of activity achieved. Since factory supplies is a variable cost, the amount in a flexible budget will be different from the amount in a static budget to the extent that the actual activity level differs from the activity level used to prepare the static budget. Clover's budgeted amount of factory supplies is $1.68 per machine hour (S42,000 - 25,000). If 24,000 machine hours are used the factory supplies in the flexible budget will be $40,320 (51.68 x 24,000). The actual amount of factory supplies is $42.000 (S1.75 24,000). Since actual spending is $1.680 more than the flexible budget amount, the $1,680 variance is unfavorable