Verona-2419 is a vocation school. The school bases its budgets on two measures of activity: number of students and number of courses. The school uses the following data in its budgeting: Fixed cost per month Variable cost per student Variable cost per course Faculty wages $4,000 $0 $20 Course supplies $1,500 $9 $45 Administrative expenses $2,000 $20 $30 In July, the school budgeted for 300 students and 17 courses. Actual results for the month appear below: Number of students 284 students Number of courses 14 courses Faculty wages $4,800 Course supplies $5,500 Administrative expenses $8,800 What was the school's spending variance for course supplies in July? Multiple Choice $535 Favorable $2,035 Favorable $2,314 Favorable $814 Favorable