Question 16 (1 point) Universal Forklifts, Inc. Universal Forklifts, Inc. produces a specialized machine part used in forklifts. For last year's operations, the following data were gathered: Units produced: Direct labour: Actual variable overhead: 60,000 30,000 hours @ $9.00 per hour $150,000 The company employs a standard costing system. During the year, a variable overhead rate of $4.50 per hour was used. The labour standard requires a half hour per unit produced. Refer to Long, Inc. What is the variable overhead spending variance? Os20,000 U $20,000 U $100,000 U $100,000 U Question 16 (1 point) Universal Forklifts, Inc. Universal Forklifts, Inc. produces a specialized machine part used in forklifts. For last year's operations, the following data were gathered: Units produced: Direct labour: Actual variable overhead: 60,000 30,000 hours @ $9.00 per hour $150,000 The company employs a standard costing system. During the year, a variable overhead rate of $4.50 per hour was used. The labour standard requires a half hour per unit produced. Refer to Long, Inc. What is the variable overhead spending variance? Os20,000 U $20,000 U $100,000 U $100,000 U