What would the following types of variances correspond to in a school setting? (3 points)

Select from:

1. Volume variance
2. Quantity (use) variance
3. Price (rate) variance

a) An increase in spending due to more copies made per student

b) An increase in spending for copier paper due to more students

c) An increase in spending due to an increase in the cost per box of paper

Boeheim Community Center borrows $50,000 for 6 months to get it through a cash flow crisis. If the annual interest rate is 7%, how much, in total, will they have to pay back at the end of the 6 months?