Marblesla marble company has the following information available regarding its labor: managers expected to pay 11 per direct labor hour, but ended up paying10 per labor hour. each unit produced should take 1 direct labor hour; actual total usage was 990 direct labor hours. finally, the company planned to produce 1,000 units, but only produced 950. calculate the labor spending variance.
1) 990 (favorable)
2) 1,000 (unfavorable)
3) 990 (unfavorable)
4) 1,000 (favorable)