Question: Raven applies overhead based on direct labor hours. The variable overhead standard is 5 hours at $14 per hour. During July, Raven spent $129,700 for

Raven applies overhead based on direct labor hours. The variable overhead standard is 5 hours at $14 per hour. During July, Raven spent $129,700 for variable overhead. 8,740 labor hours were used to produce 4,450 units. What is the variable overhead rate variance? Multiple Choice $1730 unvorable $865 unfavorable $7,340 unfavorable $1,730 favorable

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