At 16000 direct labor hours, the flexible budget for indirect materials is $48000. if $50400 are incurred at 16400 direct labor hours, the flexible budget report should show the following difference for indirect materials: $2400 unfavorable. $1200 favorable. $2400 favorable. $1200 unfavorable.

The federal reserve took an expansionary approach during the crisis. this was done by expanding the money supply and boosting liquidity. this can be seen in the fed's actions of lending to banks, purchasing securities, and lowering the federal funds rate in order to lower overall interest rates. the fed's goal was to increase consumer spending and overall liquidity within the system, and they pursued this by expanding the supply of liquid money.