The Hola Company held a Christmas party. The company expected attendance of 100 people and prepared the following budget. One hundred people attended the party. The costs incurred were: What is the primary reason for the variance in total costs? A) Hotel room rent cost more than expected. B) food cost more than expected C) Decorations cost more than expected. D) Entertainment cost more than expected. Assume ZZZ Company has the following information available: It variable costs increase to $65 per unit, what is the expected net income for one year? A) $1, 580,000 B) $280,000 C) $880,000 D) $700,000 ADEL Company has the following information: Assume the tax rate decreases to 30%. How many fewer units can be sold to retain the same after-tax net income of $42,000? A) 34,000 B) 1,000 C) 32,000 D) 2,000 Which of the following statements about highly leveraged companies is true? A) There is more risk with highly leveraged companies. B) Fixed costs are high and variable costs are low. C) Large changes in sales volume result in larger changes in net income. D) All of these answers are correct