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The flexible budget for indirect materials at 10,000 direct labor hours is $27,000. If $26,500 of indirect materials costs are incurred at 9,500 direct labor

The flexible budget for indirect materials at 10,000 direct labor hours is $27,000. If $26,500 of indirect materials costs are incurred at 9,500 direct labor hours, the flexible budget report should show the following difference (variance) for indirect materials:

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