Assume the following information appears in the standard cost card for a business that makes only one product: 4 Direct materials Direct labor Variable manufacturing overhead 1.4 points Standard Quantity or Hours 5 pounds 2 hours 2 hours Standard Cost $ 55.00 $ 34.00 $ 6.00 Standard Price or Rate $ 11.00 per pound $ 17.00 per hour $ 3.00 per hour During the most recent period, the following additional information was available: eBook 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. The actual variable overhead cost incurred during the period was $25,000. Ask Assuming a business uses direct labor-hours to compute its predetermined overhead rate, what is the variable overhead spending variance? Print lo References Multiple Choice $1.600 F $1,600 U O O $1,000 U $1.000 F