Assume the following information appears in the standard cost card for a company that makes only one product:

Assume the following information appears in the standard cost card for a company that makes only one product: Standard Quantity Standard Price or hours or Rate Standard Cost Direct materials 5 pounds S 11.50 per pound 57.50 Direct labor 2 hours $ 17.00 per hour $34.00 Variable manufacturing overhead 2 hours $ 3.00 per hour $ 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 $14,250 F $5,750 F $14,250U