Help Save Sut 14 COTB MC Qu. 10-77 (Algo) Assume the following information appears in... Assume the following information appears in the standard cost card for an organization that makes only one product 0.7 Doints Bock Standard Quantity or Standard Hours Standard Price or Rate Cost Direct materials 5 pounds $ 11.00 per pound 5 55.00 Direct labor 2 hours $ 17.00 per hour $ 34.00 Variable manufacturing overhead 2 hours $ 3.00 per hour $ 6.80 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. The actual variable overhead cost incurred during the period was $25,000 Assuming an organization uses direct labor. hours to compute its predetermined overhead rate, what is the variable overhead spending variance? Multiple Choice 5000 F 14 wal purchased at a cost of $40 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 Assuming an organization uses direct labor hours to compute its predetermined overhead rate what is the variable overhead sending a 07 pointe Murile Choice ferencer S1000F O 51600 0 $1600 O $1,000 Grow