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1  Q1: A financial department of a company has arrived at the following Cost and Revenue function

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Q1: A financial department of a company has arrived at the following Cost and Revenue function. R(x)= x (331.8-17.5x) C(x)=546+ 68.95x Both have domain 1

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When preparing flexible budget, MAYAR Corporation has the following information available for variable overhead costs. Direct labor hours are the cost driver for variable overhead costs. Actual variable overhead costs $5,120 Standard variable overhead costs $3.00 per hour Actual direct labor hours 2,000 hours Standard direct labor hours per unit 3 hours Units produced 1,000 What is the variable overhead spending variance? Select one: a. $3,880 Favorable b. $880 Favorable c. $1,000 Unfavorable d. $3,880 Unfavorable