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What is the variance the flexed budgeted material cost

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A company is budgeting to produce 400 units of product X in the next month. One unit of product X requires 10 kg of material, which is purchased at a budgeted price of £0.50 per kg. Actually the company produced only 375 units of product X. Material was bought for £0.60 per kg and 9.8 kg was used to make one unit of product X.

Question 1: What is the variance between the flexed budgeted material cost and actual cost of material in the month (to the nearest £1)?

Option A. £330 favourable

Option B. £205 favourable

Option C. £205 adverse

Option D. £330 adverse

Reference no: EM132541887

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