The standard variable overhead rate for Unbeatable Toys is $5. Budgeted fixed overhead is $20,000. Unbeatable Toys' budgeted production was 2,000 units for the current period and actual production was 1,950. What is the production volume variance? (Points : 5)

$250 unfavorable

$500 favorable

$250 favorable

$500 unfavorable

A merchandiser's purchases are equivalent to what for a manufacturer? (Points : 5)

Cost of goods manufactured Materials inventory Cost of goods sold Work in process inventory