Assume the following information appears in the standard cost card for an enterprise that makes only one products 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 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 labor spending variance