Seven, Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Inputs Direct materials Direct labor Variable manufacturing overhead Standard Quantity or Hours per Unit of Output 3.5 feet 1.75 hours 1.75 hours Standard Price or Rate $ 8.20 per foot $ 7.00 per hour $ 2.60 per hour The company planned to produce 23,100 units of output during June and has reported the following actual results for the product for June: Actual output Raw materials purchased/used Actual total cost of raw materials Actual direct labor-hours Actual total direct labor cost Actual total variable overhead cost 24,000 Units 88,800 Feet $710,400 48,000 Hours $374,400 $ 124,800 Assume all of the materials purchased was used during the month to produce the 24,000 units. The spending variance for DM is: a. $17,760 F b. None of the answers provided are correct C. $21,600 U d. $17,760 U e. $21,600 F