Viger corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (mhs). the company has provided the following data for the most recent month: budgeted level of activity 7,900 mhs actual level of activity 8,100 mhs standard variable manufacturing overhead rate $ 6.60 per mh actual total variable manufacturing overhead $ 51,200 what was the variable overhead rate variance for the month?

multiple choice

$1,434 favorable

$1,320 unfavorable

$940 favorable

$2,260 favorable

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.