Raven Company applies overhead based on direct labor hours. The variable overhead standard is 9 hours at $18 per hour. During July, Raven spent $111,069 for variable overhead. Assuming 9,240 labor hours were used to produce 2,850 units, how much is variable overhead on the flexible budget? Multiple Choice O O $166,320 $461,700 $54,150 $111,069

Raven Company applies overhead based on direct labor hours. The variable overhead standard is 9 hours at $18 per hour. During July, Raven spent $111,069 for variable overhead. Assuming 9,240 labor hours were used to produce 2,850 units, how much is variable overhead on the flexible budget? Multiple Choice $166,320 $461,700 $54,150 $111,069