2:42 Assume the following information appears in the standard cost card for a company that makes only one product: Standard Quantity or Hours Direct materials Direct labor Variable manufacturing overhead During the most recent period, the following additional information was 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. Standard Price or Rate 5 pounds $11.55 per pound 2 hours $17.00 per hour 2 hours $ 3.00 per hour What is the direct materials spending variance? Standard Cost $ 57.75 $ 34.00 $ 6.00

Assume the following information appears in the standard cost card for a company that makes only one product: During the most recent period, the following additional information was 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. Multiple Choice $15,225F $5.775F $5,775U $15.225U