Required information The Upton Company employs a standard costing system in which variable overhead is assigned to production on the basis of direct labour hours. Data for the month of February include the following: Variable manufacturing overhead cost incurred Total variable overhead variance Standard hours allowed for actual production Actual direct labour hours worked $48,70 $300 favourable 7, eee 6,840 What is the standard variable overhead rate per direct labour hour? Multiple Choice $6.91 O $6.95 $7.00. O $7.12