The valenti company uses flexible budgeting for cost control. valenti produced 11,800 units of product during october, incurring indirect material costs of $14,400. its master budget reflected indirect material costs of $195,000 at a production volume of 150,000 units. what was the flexible budget variance for the indirect material costs in october?

Manipulation manufacturing's (amm) standards anticipate that there will be 5 pounds of raw material used for every unit of finished goods produced. amm began the month of maymay with 8,000 pounds of raw material, purchased 25,500 pounds for $ 15,300 and ended the month with 7,400 pounds on hand. the company produced 4,9004,900 units of finished goods. the company estimates standard costs at $ 1.10 per pound. the materials price and efficiency variances for the month of maymay were: