Question: Cheney Company established a predetermined variable overhead cost rate at $ 2 1 . 0 0 per direct labor hour. The actual variable overhead cost

Cheney Company established a predetermined variable overhead cost rate at $21.00 per direct labor hour. The actual variable overhead cost rate was $19.20 per hour. The planned level of labor activity was 76,000 hours of labor. The company actually used 80,000 hours of labor.

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