Question: Raven applies overhead based on direct labor hours. The variable overhead standard is 10.0 hours at $19.0 per hour. During July, Raven spent $716,700 for

Raven applies overhead based on direct labor hours. The variable overhead standard is 10.0 hours at $19.0 per hour. During July, Raven spent $716,700 for variable overhead. 37,380 labor hours were used to produce 3,800 units. What is the variable overhead efficiency variance? 1122 Multiple Choice 56.480 favorable O $11,780 favorable O 56.480 unfavorable C) 5638,020 favorable

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