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The Valenti Company uses flexible budgeting for cost control. Valenti produced 12,000 units of product during October, incurring indirect material costs of $14,600. Its master

The Valenti Company uses flexible budgeting for cost control. Valenti produced 12,000 units of product during October, incurring indirect material costs of $14,600. Its master budget reflected indirect material costs of $210,600 at a production volume of 162,000 units. What was the flexible budget variance for the indirect material costs in October?

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