Assume That a Revised Performance Report Is Prepared for the 11,000-Unit

Assume that a revised performance report is prepared for the 11,000-unit level of production using a flexible budget approach. Compute the cost variances for each of the following. Indicate whether each variance is favorable (F) or unfavorable (U).
a. Direct materials variance from flexible budget: $_____________
b. Direct labor variance from flexible budget: $_____________
c. Total manufacturing overhead variance from flexible budget: $_____________

Correct Answer:

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a. $4,000 Favorable
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