Question: Raven applies overhead based on direct labor hours. The variable overhead standard is 6 hours at $15 per hour. During July, Raven spent $137,700 for

Raven applies overhead based on direct labor hours. The variable overhead standard is 6 hours at $15 per hour. During July, Raven spent $137,700 for variable overhead. 8,690 labor hours were used to produce 4,400 units. What is the variable overhead rate variance?

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