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Refer to the exhibit.

Refer to the exhibit.

A company issued its production budget based on an anticipated output of 800 units.

Actual output was 1,000 units.

The details of the costs are shown below:

The total budget variance was:
A . £5,000 adverse
B . £3,000 adverse
C . £2,000 adverse
D . £19,750 favourable

Answer: A

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