Question: Jupiter Co. applies overhead based on direct labor hours. The variable overhead standard is 24 hours at $32 per hour. During February, Jupiter Co.

Jupiter Co. applies overhead based on direct labor hours. The variable overhead standard is 24 hours at $32 per hour. During February, Jupiter Co. spent $339,400 for variable overhead. 10,150 labor hours were used to produce 400 units. What is the variable overhead rate variance? Multiple Choice $21,900 favorable $14,600 favorable $14,600 unfavorable

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