TB MC Qu. 16-39 (Static) The Valenti Company uses flexible budgeting... The Valenti Company uses flexible budgeting for cost control. Valenti produced 10,800 units of product during October, incurring indirect material costs of $13,000. Valenti's master budget reflected indirect material costs of $180,000 at a production volume of 144,000 units. What was the indirect material cost variance for October? Multiple Choice $1,100 favorable $1,100 unfavorable $2,000 favorable $500 favorable D