59 The following standards for variable manufacturing overhead have been established for a company that makes only one product Standard hours per unit of output 4.0 hours $12.00 per hour Standard variable overhead rate The following data pertain to operations for the last month: Actual hours 2,630 hours $31,330 Actual total variable overhead cost Actual output 500 units What was the variable overhead spending variance for the month? Multiple Choice $230 favourable $130 unfavourable $130 favourable. $4,450 unfavourable