Preble Company manufactures one product . Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows: Direct materiala: 5 pounds at $8 per pound Direct labort 4 hours at $15 per hour Variable overhead: 4 hours at $5 per hour Total standard cost per unit $ 40 60 20 $120 The planning budget for March was based on producing and selling 21.000 units. However, during March the company actually produced and sold 24,000 units and incurred the following costs: a. Purchased 150,000 pounds of raw materials at a cost of $6.40 per pound. All of this material was used in production. b. Direct laborers worked 66,000 hours at a rate of $18 per hour. c. Total variable manufacturing overhead for the month was $413,820. 11. What is the labor spending variance for March? (Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "None" for no effect (le, zero variance.). Input all amounts as positive values.) Labor spending variance