Question: Jupiter Co. applies overhead based on direct labor hours. The variable overhead standard is 16 hours at $24 per hour. During February, Jupiter Co. spent

Jupiter Co. applies overhead based on direct labor hours. The variable overhead standard is 16 hours at $24 per hour. During February, Jupiter Co. spent $248,400 for variable overhead. 9,750 labor hours were used to produce 1.200 units. What is the variable overhead rate variance? Multiple Choice $21,600 favorable O $14,400 untavorable $7,200 favorable $14,400 favorable

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