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Ima Knight has budgeted $300 for food, $400 for insurance, and $500 for gifts. Ima's actual expenses were $200 for food, $300 for insurance and

Ima Knight has budgeted $300 for food, $400 for insurance, and $500 for gifts.

Ima's actual expenses were $200 for food, $300 for insurance and $500 for gifts.

What is Ima's total budget variance?

A positive $100 (under budget)
A negative $100 (over budget)
A positive $200 (under budget)
Zero

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