Question: When preparing flexible budget, the following information is for ABC Corporation: Direct Materials (measured in pounds) Standard price per unit of input $20 Actual price

When preparing flexible budget, the following information is for ABC Corporation:
Direct Materials (measured in pounds)
Standard price per unit of input $20
Actual price per unit of input $18
Standard inputs per unit of output 3 pounds
Actual units of input 8,300 pounds
Actual units of output 2,770 units
What is the flexible budget variance for direct materials?
Select one:
a. $16,800 Unfavorable
b. $16,800 Favorable
c. $16,400 Unfavorable
d. $16,400 Favorable

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