(10 pts) The Hernandex Company held a Christmas party. The company expected attendance of 150 people and prepared the following budget: Hotel room rental Entertainment Food Entertainment Food Decorations Total Costs $2,300 Two hundred people attended the party. The costs incurred were: Hotel room rental $675 Decorations Total Costs Edit Format Table 12pt $800 Paragraph 500 350 $2,365 A. What is the variance for total costs and it's favorable or unfavorable? B. What is the primary reason for the variance in total costs? B T 600 400 640 700 10 pts AV

(so pes) The Hemandex Company held a Christmas party. The company expected attendance of 130 pecole and prepared the following budget: Two hundred people attended the party. The costs incurred were: A. What is the variance for total costs and it's favorable or unfavorable? B. What is the primary reason for the variance in total costs