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What is the variance for total costs

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Reference no: EM132610796

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

Hotel room rental $500

Food 500

Entertainment 800

Decorations 300

Total Costs $2,100

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

Hotel room rental $575

Food 640

Entertainment 750

Decorations 350

Total Costs $2,315

Question 1: What is the variance for total costs?

Group of answer choices

Option 1: $215 Unfavorable

Option 2: $215 Favorable

Option 3: $25 Favorable

Option 4: $140 Unfavorable

Reference no: EM132610796

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