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SHWO Saved Help Save & Exit Submit Assume the following information appears in the standard cost card for an organization that makes only one product 4 Direct materials Direct labor Variable manufacturing overhead Standard Quantity or Hours 5 pounds 2 hours 2 hours Standard Price or Rate $ 11.00 per pound $ 17.00 per hour $ 3.00 per hour Standard Cost $ 55.00 $ 34.00 $ 6.00 Bo During the most recent period, the following additional information wes available: 20,000 pounds of material was purchased at a cost of $10.50 per pound, All of the material that was purchased was used to produce 3.900 units 8.000 direct labor hours were recorded at a total cost of $132,000 . The actual variable overhead cost incurred during the period was $25,000 Assuming an organization uses direct lobor-hours to compute its predetermined overhead rate, what is the variable overhead spending variance? Wences Multiple Choice