Problem
Vicky has a t-shirt shop. Her plan for 2022 was to sell 1,002 t-shirts for $?0 each. Each t-shirt is budgeted to use $10 of direct material.
At the end of 2022, Vicky goes through the accounting records to evaluate the business and make plans for the next year. Vicky has sold 923 t-shirts and has actual sales revenue of $67,500.
What is the flexible budget amount for materials?