actory Overhead Cost Variances The following data relate to factory overhead cost for the production of 5,000 computers: Actual: Variable factory overhead $166, 100 Fixed factory overhead 46,000 Standard: 5,000 hrs. at S 0 200,000 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 $217,250, determine the variable factory overhead Controllable Variance, xed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $5.75 per hour. Enter a favorable variance as a negative number using a minus sign and an unfavorable ariance as a positive number. Variance Amount Favorable/Unfavorable Controllable variance Sfill in the blank 1 Volume variance Sfill in the blank 3 Total factory overhead cost variance Sfill in the blank 5

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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 $166, 100 Fixed factory overhead 46,000 Standard: 5,000 hrs. at $
40 200,000 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 $217,250, determine the variable factory overhead Controllable Variance,
fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $5.75 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 Controllable variance $fill in the blank 1 Volume variance $fill in the blank 3 Total factory overhead cost variance Sfill in the blank 5
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 $166, 100 Fixed factory overhead 46,000 Standard: 5,000 hrs. at $ 40 200,000 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 $217,250, determine the variable factory overhead Controllable Variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $5.75 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 Controllable variance $fill in the blank 1 Volume variance $fill in the blank 3 Total factory overhead cost variance Sfill in the blank 5
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