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Larance Detailing's cost formula for its materials and supplies is $2,230 per month plus $1 per vehicle. For the month of November, the company planned for activity of 75 vehicles, but the actual level of activity was 25 vehicles. The actual materials and supplies for the month was $2,160.
-The spending variance for materials and supplies in November would be closest to:
Consideration
In contract law, the benefit, interest, or value that must be exchanged between parties engaging in a contract.
Modification
An alteration or amendment to an existing contract or agreement without changing its fundamental essence.
Rescission
the legal act of voiding a contract and returning all parties to their pre-contractual states.
Basis for Rejecting
The rationale or grounds for refusing to accept or deny something, such as an application, offer, or claim.
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