Question: Raven applies overhead based on direct labor hours. The variable overhead standard is 15 hours at $24 per hour. During July, Raven spent $123,200

Raven applies overhead based on direct labor hours. The variable overhead standard

Raven applies overhead based on direct labor hours. The variable overhead standard is 15 hours at $24 per hour. During July, Raven spent $123,200 for variable overhead. 9,540 labor hours were used to produce 350 units. How much is variable overhead on the flexible budget? Multiple Choice $228,960 $126,000 $8,750 $123,200

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