What was monroes production-volume variance

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The data below relate to the month of April for Monroe, Inc., which uses a standard cost system and a two-variance analysis of factory overhead:

Actual direct labor hours used 16,500

Standard direct labor hours allowed 16,250

Actual total factory overhead $53,200

Budgeted fixed factory overhead $12,000

Budgeted activity in hours 16,000

Total overhead application rate per standard direct labor hour $3.25

Variable overhead application rate per standard direct labor hour $2.50

What was Monroe's production-volume variance for April?

a. $187.50 favorable

b. $187.50 unfavorable

c. $437.50 favorable

d. $437.50 unfavorable

Reference no: EM13776911

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