Assume the following information appears in the standard cost card for an enterprise that makes only one product Standard Quantity Standard Price Of Hours or Rate Standard Cost Direct materials 5 pounds $11.ee per pound $55.00 Direct labor 2 hours $17.00 per hour $34.00 Variable manufacturing overhead 2 hours $ 3.00 per hour $6.ee During the most recent period, the following additional information was available: 20,000 pounds of material was purchased 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 The actual variable overhead cost incurred during the period was $25,000 Assuming an enterprise uses direct labor-hours to compute its predetermined overhead rate, what is the variable overhead spending variance? Multiple Choice $1.600 F $1.000 F $16000 5 $1,000 U