Formidable Company collected the following information: 
Using the two variance method, what is the budget variance?
Definitions:
Global Market
An interconnected marketplace without geographical limits where goods, services, and capital move freely.
Multinational
A corporation that operates in multiple countries, managing production or delivering services in more than one country.
World Economic Forum
An international organization that brings together political, business, and other leaders to shape global, regional, and industry agendas.
Davos Man
A term referring to the global elite of wealthy and powerful individuals who are believed to attend the World Economic Forum in Davos, Switzerland, impacting global policies.
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