Milo Clothing Company produces men's ties since 1995. In order to reasonably plan and closely control their manufacturing costs, they use the budgeting system. The following budgeted and actual amounts are released to top management for 2020 and they asked you, a cost accountant, to prepare a performance budget report so that they can analyze all type of variances including both favourable and unfavourable. Cost Budget at 4,000 Units Actual Amounts at 4,500 Units Direct materials 5185,000 S188,000 226,000 250,000 Direct labour Equipment depreciation 6,000 6.000 22,000 Indirect labour 25,000 14.000 16.000 Indirect materials 35.000 35.000 Rent and insurance What is a static budget variance for Indirect Materials Select one a $2.000 F b. 52.500 F c53,000 d $2.000 6 ENG 0 1:11 PM 2031-06-21 10 15' Mostly sunny