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The Helium Company held a Christmas party. The company expected attendance of 100 people and prepared the following budget: Hotel room rental$500 Food500 Entertainment800 Decorations

The Helium Company held a Christmas party. The company expected attendance of 100 people and prepared the following budget:

Hotel room rental$500

Food500

Entertainment800

Decorations300

Total Costs$2,100

One hundred people attended the party. The following costs were incurred:

Hotel room rental$575

Food640

Entertainment750

Decorations350

Total Costs$2,315

What is the variance for total costs?

Group of answer choices

$215 Unfavorable

$215 Favorable

$25 Favorable

$140 Unfavorable

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