Hunters, Inc uses a standard cost system when accounting for its sole product Manufacturing overhead is applied to production on the basis of process hours Planned activity is 60,000 process hours per month, which gives rise to the following per-unit standards Vanable overhead 13 hours at $11per hour During September, 5.100 units were produced and the company incurred the following overhead costs variable, $850000, faxed, 5429,000. Actual process hours totaled 50000. Required: Calculate the spending variances for variable overhead in 2 Consider the following data ed out of 8000 Work-in-process inventory, January 1, 2019 Work-in-process inventory, December 31, 2019 7000 Conversion costs during the year 127000 Direct materials used 49000 Required: Calculate the cost of goods manufactured