45. New Company has the following information available for variable overhead costs. Direct labor hours are the cost driver for variable overhead costs. Actual variable overhead costs $3,500 Standard variable overhead costs $1.50 per hour Actual direct labor hours 2,500 hours Standard direct labor hours per unit 5 hours Units produced 500 What is the variable overhead spending variance? A) $250 Unfavorable B) $250 Favorable C) $450 Unfavorable D) $450 Favorable