5 Fletcher Company collected the following data regarding production of one of its products. Compute the variable overhead spending variance Direct labor standard (2.50 hrs $17.60/hr.) 44.00 per finished unit Actual direct labor hours Budgeted units Actual finished units produced standard variable OH rate (1.50 hrs. $12.60/hr.) 18.90 per finished unit standard fixed OH rate ($256,900/36,700 units) 7.00 per unit Actual cost of variable overhead costs incurred $652, 430 Actual cost of fixed overhead costs incurred 2 points 88,550 hrs. 36,700 units 34,700 units $260,400