Figure 8-8 Armati, Inc., is looking for feedback on company performance.The company compares the budget for the year with the actual costs.Data have been collected below:
Armati, Inc., had the following budgeted data:
The following actually occurred:

-Refer to Figure 8-8.The flexible budget variance for indirect labor for 2011 is

Question

Figure 8-8 Armati, Inc., is looking for feedback on company performance.The company compares the budget for the year with the actual costs.Data have been collected below:
Armati, Inc., had the following budgeted data:
 The following actually occurred:
 
-Refer to Figure 8-8.The flexible budget variance for indirect labor for 2011 is

Quizplus · Accepted Answer

The flexible budget variance for indirect labor is calculated by comparing the actual indirect labor cost to the flexible budgeted amount. The variance is $150 favorable (F) if the actual cost is less than the budgeted amount by $150.