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Ruben's Camera Shop has prepared the following flexible budget for September and is in the process of interpreting the variances. F denotes a favorable variance

Ruben's Camera Shop has prepared the following flexible budget for September and is in the process of interpreting the variances. F denotes a favorable variance and U denotes an unfavorable variance.

Flexible Budget ------Variances------

Price Efficiency

Material A $20,000 $1,000F $3,000F

Material B 30,000 500U 1,500F

Direct labor cost 40,000 500U 2,500F

  1. Actual amount spent for Material A?
  2. Actual amount spent for Material B?
  3. Actual amount spent for direct labor?

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