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favorable material flexible-budget variance of $1,220 is recorded. This indicates that the actual materials cost is ________. a. $1,220 more than the master budget figure

favorable material flexible-budget variance of $1,220 is recorded. This indicates that the actual materials cost is ________.

a. $1,220 more than the master budget figure

b. $1,220 more than the standard cost for the achieved level of activity

c. $1,220 less than the standard cost for the achieved level of activity

d. None of the answers.

e. $1,220 less than the cost for the planned level of activity

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