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The Valenti Company uses flexible budgeting for cost control. Valenti produced 11,300 units of product...

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Accounting

The Valenti Company uses flexible budgeting for cost control. Valenti produced 11,300 units of product during October, incurring indirect material costs of $13,900. Valentis master budget reflected indirect material costs of $202,800 at a production volume of 156,000 units. What was the indirect material cost variance for October?

Multiple Choice

$3,000 favorable

$1,700 favorable

$1,700 unfavorable

$790 favorable

Answer & Explanation Solved by verified expert
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