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What the flexible budget variance for total cost

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Question - 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:

Unit sales for 2011 26,000

Unit production for 2011 26,000

Budgeted fixed costs for 2011: $2,900

Budgeted variable costs per unit:

Direct materials $0.15

Direct labor $0.29

The following actually occurred:

Actual unit sales for 2011 24,000

Actual unit production for 2011 28,000

Actual fixed costs for 2011: $2,950

Actual variable costs: $10,650

Required - What the flexible budget variance for total cost for 2011?

Reference no: EM132923991

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