Based on the Information Given for a Variance, Indicate Whether

Short Answer

Based on the information given for a variance, indicate whether the variance is favorable or unfavorable. $$\begin{array} { | l | l | l | l | } \hline \text { Item to classify } & \text { Flexible budget } & \text { Actual } & \begin{array} { l } \text { Variance - Favorable or } \\\text { Unfavorable? }\end{array} \\\hline \text { Cost of direct materials } & \$ 30,000 & \$ 31,200 & \\\hline\end{array}$$