2. 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

2. 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