Question 19 (6 points) For the year 2021, KIKO Ld budgeted to produce 13.000 units of its product, KITO, and to use 30,000 inachine hours (that is machine hours per unit of KIRO). The company allocates both variable and fixed manufacturing overhead costs using machine hours. Variable manufacturing overhead dials were budgeted at $10 per machine how, and total buleted fixed manufacturing eusis were $600,000 Actual results for the year 2021 were 16,000 5613.600 Production of KITO (units) Fixed manufacturing overhead Variable manufacturing overhead Manufacturing labour hours $352,000 35,200 Q.19. The production volume variance is: $6,400 U $6,400 F $ $40,000 F $40,000 U $33,600 U Actual results for the year 1 Production of KITO (units) 16,000 Fixed manufacturing 5633.000 overhead Variable manufacturing $152,000 overhead Manufacturing labour hours 35.200 020. An interpretation of the production volume variance is that the production of more units than budgeted resulted in an under-allocated fixed manufacturing overhead the production of more units than budgeted resulted in more fixed manufacturing overhead costs spending than expected none of the options. the production of more units than budgeted resulted in more fixed manufacturing overhead costs recovered than expected the production of more units than budgeted resulted in less fixed manufacturing overhead costs recovered than oxpected