Question: Toyota Motor Corporation is analyzing its performance using a flexible budget. The following data is available: Cost Category Budgeted Cost ($) Actual Cost ($) Direct

Toyota Motor Corporation is analyzing its performance using a flexible budget. The following data is available:

Cost Category

Budgeted Cost ($)

Actual Cost ($)

Direct Materials

$900,000

$920,000

Direct Labor

$600,000

$580,000

Variable Overhead

$400,000

$420,000

Fixed Overhead

$700,000

$690,000

Calculate the flexible budget variance for each cost category.

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