Answer the following questions using the information below:
Patel Corporation manufactured 1,000 coolers during October. The following variable overhead data pertain to October:
-What is the variable overhead spending variance?
Definitions:
Respondents
Individuals who answer or respond to a survey or questionnaire.
Variable
A characteristic, number, or quantity that can be measured or quantified and can vary among subjects or over time.
Significance Level
The probability of rejecting the null hypothesis when it is actually true, often denoted by alpha and used in statistical hypothesis testing.
Fisher's Exact
A test for determining statistical significance in contingency table analysis, specifically designed for small sample sizes.
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