edu.au/webapps/assessment/take/take.jsp?course_assessment_id=_78029_1&course_id _43908_1&content_id= 3611603_1&questionn... Swinburne Universi. . Remaining Time: 1 hour, 19 minutes, 55 seconds. QUESTION COMPLETION STATUS: Less than half of the time rer Risky Ltd uses a standard costing system. Overhead costs are allocated based on direct labour hours. The standard variable overhead and fixed overhead rates are $3 and $10 per direct labour hour, respectively. Data relevant for the current period include: Direct Materials Purchased Direct Materials Used Standard quantity of direct materials for actual production Direct Materials standard price 75,000kg $11 per kg 75,000kg 80,000kg $13 per kg Direct labour costs incurred 76,000 @ $14 per hour Standard Direct Labour hours for actual production 78,000 hours Standard Direct Labour cost per hour $15 per hour Variable overhead costs incurred $231,210 Fixed overhead costs incurred $763,000 The variable overhead spending variance is: S