The following standards for variable manufacturing overhead have been established for a company that makes only one product: Standard hours per unit of output ........ 8.0 hours Standard variable overhead rate.......... $11.55 per hour The following data pertain to operations for the last month: Actual hours. 7,000 hours Actual total variable overhead cost........... $79,100 Actual output ..... 600 units What is the variable overhead spending variance for the month? O $23,660 U $1,750 F $24,860 U $1,200 U The following materials standards have been established for a particular product: Standard quantity per unit of output .......... 3.2 meters Standard price.. ........ $13.40 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased. 4,600 meters Actual cost of materials purchased. ......... $59,800 Actual materials used in production.......... 4,400 meters Actual output. 1,300 units Reference: 10-14 PUL.............. What is the materials price variance for the month? O $1,840 U 0 $1,760 U 0 $1,760 F $1,840 F