In a well-constructed paragraph, evaluate the significance of government to the economic well-being of the nation or people. Include 3 specific examples from the module to support your position and explain how each of them proves your point. 20 points: takes a position about the significance of the role of government

30 points: includes three examples from the module to support that position

30 points: thoroughly explains the connection between the examples and position on the role of the government

Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget.the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead.a total of 119,300 units, using 478,000 direct labor hours, were produced during the year.actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.