Question: Raven applies overhead based on direct labor hours. The variable overhead standard is 21 hours at $30 per hour. During July, Raven spent $257,700

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 21 hours at $30 per hour. During July, Raven spent $257,700 for variable overhead. 7,940 labor hours were used to produce 170 units. What is the variable overhead rate variance? Multiple Choice $13,890 favorable $13,890 unfavorable. $6,945 unfavorable $19.500 unfavorable

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