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actory Overhead Cost Variances he following data relate to factory overhead cost for the production of 5,000 computers: Actual: Variable factory overhead $145,500 Fixed factory overhead 48,000 Standard: 5,000 hrs. at $36 180,000 productive capacity of 100% was 8,000 hours and the total factory overhead cost budgeted at the level of 5,000 standard hours was $198,00 etermine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance xed factory overhead rate was $6 per hour. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance : ositive number. Variance Amount Favorable/Unfavorable Variable factory overhead controllable variance Fixed factory overhead volume variance otal factory overhead cost variance

actory Overhead Cost Variances he following data relate to factory overhead cost for the production of 5,000 computers: Actual: Variable factory overhead $145,500 Fixed factory overhead 48,000 Standard: 5,000 hrs. at $36 180,000 productive capacity of 100% was 8,000 hours and the total factory overhead cost budgeted at the level of 5,000 standard hours was $198,00 etermine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance xed factory overhead rate was $6 per hour. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance : ositive number. Variance Amount Favorable/Unfavorable Variable factory overhead controllable variance Fixed factory overhead volume variance otal factory overhead cost variance

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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**Factory Overhead Cost Variances** The following data relate to factory overhead cost for the production of 5,000 computers: - **Actual:** - Variable factory overhead: $145,500 - Fixed factory overhead: $48,000 - **Standard:** - 5,000 hrs. at $36: $180,000 If productive capacity of 100% was 8,000 hours and the total factory overhead cost budgeted at the level of 5,000 standard hours was $198,000, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $6 per hour. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. | Variance | Amount | Favorable/Unfavorable | |---------------------------------------------|--------|-----------------------| | Variable factory overhead controllable variance | $ | | | Fixed factory overhead volume variance | $ | | | Total factory overhead cost variance | $ | |
Transcribed Image Text:**Factory Overhead Cost Variances** The following data relate to factory overhead cost for the production of 5,000 computers: - **Actual:** - Variable factory overhead: $145,500 - Fixed factory overhead: $48,000 - **Standard:** - 5,000 hrs. at $36: $180,000 If productive capacity of 100% was 8,000 hours and the total factory overhead cost budgeted at the level of 5,000 standard hours was $198,000, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $6 per hour. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. | Variance | Amount | Favorable/Unfavorable | |---------------------------------------------|--------|-----------------------| | Variable factory overhead controllable variance | $ | | | Fixed factory overhead volume variance | $ | | | Total factory overhead cost variance | $ | |
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