The Omega Sorority held a Homecoming party.The sorority prepared the following budget for 25 expected attendees: $\begin{array}{lr}
\text { Room rental } & \$ 150 \
\text { Food } & 290 \
\text { Entertainment } & 150 \
\text { Decorations } & \underline{75} \
& \
\text { Totals } & \$ 665
\end{array}$ After all bills for the party were paid, the total came to $660.Details are: $140 for room rental; $320 for food; $125 for entertainment; and $75 for decorations.Twenty-five persons attended the party. What is the variance in food?

Question

Quizplus · Accepted Answer

The variance in food is calculated as the difference between the actual cost and the budgeted cost. The budgeted cost for food was $290, and the actual cost was $320, resulting in a $30 unfavorable variance because the actual cost exceeded the budgeted amount.

The Omega Sorority Held a Homecoming Party After All Bills for the Party Were Paid, the Total