Question: In July, Industrial Benefitsit Corp made 5,000 units of its latest product. Benefitsit uses a standard cost system and applies overhead cost based on direct labor hours. Standard: - Direct Labor Hours (DLH) per unit 2.5 Variable overhead per DLH $2.40 Fixed overhead per DLH $2.90 Budgeted variable overhead $25,000 Budgeted fixed overhead $40,000 - - Actual: - Direct labor hours 11,000 Variable overhead $26,200 Fixed overhead $39,500 Using the four-variance approach, what is the variable overhead spending variance?