Fletcher Company collected the following data regarding production of one of its products. Compute the variable overhead spending variance 6:45 Direct labor standard (2.00 hrs. $15.60/hr.) $ 31.20 per finished unit Actual direct labor hours 89,800 hrs. Budgeted units 44,300 units Actual finished units produced 43,300 units Standard variable OH rate (2.00 hrs. @ $14.70/hr.) $ 29.40 per finished unit Standard fixed OH rate ($398,700/44,300 units) $ 9.00 per unit Actual cost of variable overhead costs incurred $1,271,520 Actual cost of fixed overhead costs incurred $ 399,900 Multiple Choice $48,540 favorable $2,000 favorable $2,000 unfavorable. $47,040 unfavorable $47,040 favorable