Assume the following information appears in the standard cost card for a company that makes only one product: Standard Quantity or Hours Standard Price or Rate 5 pounds $12.05 per pound 2 hours $17.00 per hour 2 hours $ 3.00 per hour 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. G What is the direct materials spending variance? Standard Cost $ 60.25 $ 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