Question

a spending variance is the —
o projected amount to be spent
o difference between the actual amount of the cost and how much a cost should have been, given the
actual level of activity
o difference between the budgeted cost of the item and the actual cost of the item
o actual amount spent

Explanation:

Spending variance in business (specifically in management accounting) is calculated as the difference between the actual cost and the budgeted cost of an item. It helps in analyzing cost - control performance.

Answer:

difference between the budgeted cost of the item and the actual cost of the item