Business Doesn't Mean Boring is a manufacturer of designer socks. The cost of each pair of...

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Business Doesn't Mean Boring is a manufacturer of designer socks. The cost of each pair of socks is the sum of three variable costs (direct material costs, direct manufacturing labor costs, and manufacturing overhead costs) and one fixed-cost category (manufacturing overhead costs). Variable and fixed manufacturing overhead cost is allocated to each pair on the basis of budgeted direct manufacturing labor-hours per pair. For March 2019, each pair is budgeted to take 0.5 labor-hours. The budgeted variable manufacturing overhead cost per labor-hour is $14. The budgeted number of pairs to be manufactured in March 2019 is 3,200. Actual variable manufacturing costs in March 2019 were $33,750 for 3,000 pairs started and completed. There were no beginning or ending inventories of socks. Actual direct manufacturing labor-hours per unit were 0.75 hours. Fixed manufacturing overhead costs for March 2019 are budgeted, $2,400, and actual, $3,825. How much is the production volume variance? $12,750 U O $1,425 U $150 U O $1,400 F Business Doesn't Mean Boring is a manufacturer of designer socks. The cost of each pair of socks is the sum of three variable costs (direct material costs, direct manufacturing labor costs, and manufacturing overhead costs) and one fixed-cost category (manufacturing overhead costs). Variable and fixed manufacturing overhead cost is allocated to each pair on the basis of budgeted direct manufacturing labor-hours per pair. For March 2019, each pair is budgeted to take 0.5 labor-hours. The budgeted variable manufacturing overhead cost per labor-hour is $14. The budgeted number of pairs to be manufactured in March 2019 is 3,200. Actual variable manufacturing costs in March 2019 were $33,750 for 3,000 pairs started and completed. There were no beginning or ending inventories of socks. Actual direct manufacturing labor-hours per unit were 0.75 hours. Fixed manufacturing overhead costs for March 2019 are budgeted, $2,400, and actual, $3,825. How much is the production volume variance? $12,750 U O $1,425 U $150 U O $1,400 F

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ANSWER correcl Answer is 15o unfavourable Production ... View the full answer