Verified Answer :

the correct answer to the question is d 12.50

Answer:

D. 12.50%

Explanation:

Initial budgeted amount = $16,000

Final budgeted amount = $18,000

Change in amount budgeted  = $18,000 - $16,000 = $2,000

Variance from initial budget is the ratio of the change in the budgeted amount to the initial amount budgeted expressed as a percentage.

Therefore,

Variance = (2000/16000) × 100%

               = 12.5%

Option D. 12.50% is right.

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