ABC Company produces widgets with a standard cost of $10 per unit. During the month, they produced 1,000 widgets at an actual cost of $9,800. What is the total cost variance for the month? A) $200 favorable B) $200 unfavorable C) $1,000 favorable D) $1,000 unfavorable

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
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Chapter7: Budgeting
Section: Chapter Questions
Problem 17EB: The production cost for UV protective sunglasses is $5.50 per unit and fixed costs are $19,400 per...
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ABC Company produces widgets with a standard cost of $10
per unit. During the month, they produced 1,000 widgets at
an actual cost of $9,800. What is the total cost variance for
the month?
A) $200 favorable
B) $200 unfavorable
C) $1,000 favorable
D) $1,000 unfavorable
Transcribed Image Text:ABC Company produces widgets with a standard cost of $10 per unit. During the month, they produced 1,000 widgets at an actual cost of $9,800. What is the total cost variance for the month? A) $200 favorable B) $200 unfavorable C) $1,000 favorable D) $1,000 unfavorable
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