Milo Clothing Company produces men's ties since 1995. In order to reasonably plan and closely control their manufacturing costs, they use the budgeting system. The following budgeted and actual amounts are released to top management for 2020 and they asked you, a cost accountant, to prepare a performance budget report so that they can analyze all type of variances including both favourable and unfavourable Cost Budget at 4,000 Units Actual Amounts at 4,500 Units Direct materials $185,000 Direct labour 226.000 $188,000 250,000 6 000 Equipment depreciation 6,000 Indirect labour 22,000 14.000 25 000 16.000 Indirect materials Rent and insurance 35 000 35,000 What is a static budget variance for Rent and Insurance? Select one a $35.000 U b. (535,000) U c50 Od $35.000 F 4 ENG 2011-06-11