Raven applies overhead based on direct labor hours. The variable overhead standard is 3.5 hours at $12.5 per hour. During July, Raven spent $176,700 for variable overhead, 13,390 labor hours were used to produce 4,100 units. What is the variable overhead efficiency variance? Multiple Choice $9,325 favorable $9,325 unfavorable $116,125 favorable $12,000 favorable