Help Assume the following information appears in the standard cost card for a company that makes only one product Standard Quantity Standard Price or Hours or Rate Direct materials 5 pounds $12.25 per pound Direct labor 2 hours $17.00 per hour Variable manufacturing overhead 2 hours $ 3.00 per hour Standard Cost $61.25 $34.00 $ 6.00 During the most recent period, the following additional information was available: . 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 What is the direct materials spending variance? Multiple Choice $6,125 0 $6.125 F