Blue Spruce Company budgeted the following cost standards for the current year: $12.00 Direct materials (2 kg of plastic at $6.00 per kilogram) Direct labour (2 hours at $12 per hour) Variable manufacturing overhead Fixed manufacturing overhead Total standard cost per unit 24.00 10.00 7.30 $53.30 Actual costs for producing 2,680 units were as follows: 5,580 kg $37,584 Direct materials used Direct materials purchased (6,480 kg) Direct labour (6,850 hours) Variable manufacturing costs $65,760 $32,100 Fixed manufacturing costs $17.300 Calculate the labour price variance. (Round per unit calculations to 2 decimal places, e.g. 1.25 and final answers to decimal places, eg. 125.) Labour price variance $ 13700 Favourable Whispering Winds Company applies overhead based on direct labour hours. Two direct labour hours are required for each unit of product. Planned production for the period was set at 8,600 units. Manufacturing overhead is budgeted at $129,000 for the period (20% of this cost is fixed). The 16,570 hours worked during the period resulted in the production of 8,100 units. The variable manufacturing overhead cost incurred was $105,300 and the fixed manufacturing overhead cost was $28,400. (a) Your answer is partially correct. Calculate the variable overhead spending variance for the period. Variable overhead spending variance 5800 Unfavourable