Question: Raven applies overhead based on direct labor hours. The variable overhead standard is 17 hours at $26 per hour. During July, Raven spent $225,700

Raven applies overhead based on direct labor hours. The variable overhead standard is 17 hours at $26 per hour. During July, Raven spent $225,700 for variable overhead. 8,140 labor hours were used to produce 250 units. What is the variable overhead rate variance? Multiple Choice $8,450 unfavorable $4,225 unfavorable $14,060 unfavorable $8,450 favorable

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