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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

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

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