The following information for the past year is available from Wick Co., a company that uses machine hours to apply standard factory overhead cost to outputs: Actual total factory overhead cost incurred Actual fixed overhead cost incurred Budgeted fixed overhead cost Actual machine hours Standard machine hours allowed for the units manufactured Denominator volume-machine hours Standard variable overhead rate per machine hour $ 26,000 $ 9.000 $ 11,000 5.200 4,960 5.660 3 What is the variable overhead spending variance to the nearest whole dollar? Is this variance Favorable or Unfavorable