Viger Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). The company has provided the following data for the most recent month: Budgeted level of activity Actual level of activity Cost formula for variable manufacturing overhead cost. Budgeted fixed manufacturing overhead cost Actual total variable manufacturing overhead Actual total fixed manufacturing overhead... 9,700 MHs 9,900 MHs $6.30 per MH $49,000 $60,390 $47,000 What was the variable overhead spending variance for the month? O $2,000 favorable O $720 favorable $1,260 unfavorable O $1,980 favorable