A project manager is tracking the quarterly budget for a new product launch. The bar chart below shows the 'Projected' vs. 'Actual' spending. In which quarter did the actual spending most significantly exceed the projected budget?
[A bar chart shows four quarters on the x-axis and dollar amounts on the y-axis.
- Quarter 1: Projected $50,000, Actual $45,000.
- Quarter 2: Projected $60,000, Actual $75,000.
- Quarter 3: Projected $70,000, Actual $72,000.
- Quarter 4: Projected $55,000, Actual $50,000.]
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A
Quarter 1
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B
Quarter 2
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C
Quarter 3
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D
Quarter 4