The following report is given for a factory. The company had a plan to make...
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Accounting
The following report is given for a factory. The company had a plan to make 500 units of Product K for $1,200. However, the factory actually made 600 units of K and incurred $1,400. Refer to the information given below.
Budget Actual
Cost 400 units 500 units
Prime (Variable) $800 $1,100
Overhead (Fixed) $700 $650
Total Cost $1,500 $1,650
How much is the variance for all costs together?
A.
$0
B.
$50, Favorable
C.
$200, Favorable
D.
$150, Unfavorable
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