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Please show explanation/steps for correct answer. The following information is for Pappillon Corporation's variable manufacturing overhead costs last month: favorable flexible-budget variance of $3,000, unfavorable

Please show explanation/steps for correct answer.

The following information is for Pappillon Corporation's variable manufacturing overhead costs last month: favorable flexible-budget variance of $3,000, unfavorable efficiency variance of $2,500. The spending variance is: a. $500 favorable. b. $5,500 unfavorable. c. $5,500 favorable. d. none of the above

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