Question: Raven applies overhead based on direct labor hours. The variable overhead standard is 12 hours at $21 per hour. During July, Raven spent $121,700 for

Raven applies overhead based on direct labor hours. The variable overhead standard is 12 hours at $21 per hour. During July, Raven spent $121,700 for variable overhead. 9,390 labor hours were used to produce 500 units. How much is variable overhead on the flexible budget?

Multiple Choice

$197,190
$126,000
$121,700
$11,000

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