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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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