Raven applies overhead based on direct labor hours. The variable overhead standard is 9.5 hours at $18.5 per hour. During July, Raven spent $611,700 for variable overhead. 32,380 labor hours were used to produce 3,500 units. What is the variable overhead efficiency variance? Multiple Choice $16,095 favorable $534,280 favorable $12.670 favorable $12,670 unfavorable Meadow Company produces hand tools. A sales budget for the next four months is as follows: March 10,700 units, April 13,600, May 16,200 and June 21,200. Meadow Company's ending finished goods Inventory policy IS 10% of the following month's sales. March 1 beginning Inventory is projected to be 1,070 units. How many units will be produced in March? Multiple Choice 10.700 O 10.990 O 3.500 10,410 Larken has forecast sales for the next three months as follows: July 4,000 units, August 6,000 units, September 7,500 units. Larken's policy is to have an ending inventory of 40% of the next month's sales needs on hand. July 1 Inventory is projected to be 1,600 units. Monthly manufacturing overhead is budgeted to be $17,000 plus $5 per unit produced. What is budgeted manufacturing overhead for July? Multiple Choice $24.500 $47.000 O $41,500 $27.000