You Answered A company has the following information related to variable manufacturing overhead that is applied based on direct labor hours. SQ=34.45 labors hours per unit produced SP $8.55 variable MOH cost per labor hour = AQ 240,000 labors hours to produce 7,000 units = AP $8.80 variable MOH cost per labor hour What is the price variance for variable MOH? (enter a negative value if the variance is favorable) Correct Answer 60,000 margin of error +/- 1