Assume the following information appears in the standard cost card for a company that makes only one product Direct materials Direct labor Variable manufacturing overhead Standard Quantity or Hours 5 pounds 2 hours 2 hours Standard Price or Rate $11.50 per pound $17.00 per hour $ 3.00 per hour Standard Cost $57.50 $34.00 $ 6.00 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. What is the direct materials spending variance? Multiple Choice $5,750 U $5,750 F $14,250 U $14,250 F