Question: Using the information in the table below, calculate the amount of the favorable price variance. Budgeted Actual Volume 200,000 190,000 Cost per unit $40 $37

Using the information in the table below, calculate the amount of the favorable price variance.

Budgeted

Actual

Volume

200,000

190,000

Cost per unit

$40

$37

Cost

$8,000,000

$7,030,000

A)

$400,000

B)

$570,000

C)

$970,000

D)

$600,000

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