Identify the adverse (unfavourable) variance.
A) Budgeted payment for rent $12,000, actual rent $11,500.
B) Budgeted payment for interest $1,000, actual interest $1,000.
C) Budgeted payment for wages $42,000, actual wages $45,000.
D) Budgeted receipts from accounts receivable $60,000, actual receipts $65,000.
Correct Answer:
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