Use the Following Data to Determine the Company's Variable Overhead

question 1

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Use the following data to determine the company's variable overhead spending variance for March.
A. $500 favourable
B. $500 unfavourable
C. $4500 favourable
D. $4500 unfavourable

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Definitions:

Market System

A market system is an economic system in which decisions regarding investment, production, and distribution are based on supply and demand.

Circular Flow Model

An economic model that depicts how money and products move through an economy, showing the interactions between households and businesses.

Resource Markets

Markets where productive resources (like labor, capital, and raw materials) are bought and sold.

Products

Goods or services that are created through a process of production and offered in the market to satisfy consumer needs or wants.