Required information The Litton Company has established standards as follows: Direct Material Direct Labour Variable Manufacturing Overhead 2 kgs. $3/kg. = $6 per unit 1 hr. o $4 /hr. $4 per unit 1 hrs. a $2/hr.-$2 per unit Actual production figures for the past year are given below. The company records the materials price variance when materials are purchased. Units Produced Direct Material Used Direct Material Purchased (3.000 KOS Direct Labour Cost (1,100 hrs.) Variable Manufacturing Overhead Cost incurred 610 2.700 kgs. $5,700 $4,620 $2,860 The company applies variable manufacturing overhead to products on the basis of direct labour hours. What was the variable overhead spending variance? Multiple Choice incurred The company applies variable manufacturing overhead to products on the basis of direct labour hours. What was the variable overhead spending variance? Multiple Choice $240 favourable $240 unfavourable 5660 unvoutable 5220 hour The Litton Company has established standards as follows: Direct Material Direct Labour Variable Manufacturing Overhead 2 kgs $3/kg = $6 per unit 1hr $4/hr.= $4 per unit 1 hrs. $2/hr. $2 per unit Actual production figures for the past year are given below. The company records the materials price variance when materials are purchased. Units Produced Direct Materi Used Direct Material Purchased (3.000 ks Direct Labour Cost (1.100 hrs Variable Manufacturing Overhead Cost Ancurred 610 2.700 kg $5,700 $47620 32360 The company applies variable manufacturing overhead to products on the basis of direct labour hours. What was the variable overhead officiency variance? Multiple Choice 5520 navourate Vailable Manufacturing Overhead Cost Incurred $2.860 36 The company applies variable manufacturing overhead to products on the basis of direct labour hours. What was the variable overhead efficiency variance? 24:00 Multiple Choice $520 unfavourable. 6 $980 unfavourable. $2.450 favourable $500 unfavourable