Alvarado Company produced 15,400 units of product that required 4 standard direct labor hours per unit. The standard variable overhead cost per unit is $1.00 per direct labor hour. The actual variable factory overhead was $50,830. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below. X Open spreadsheet Determine the variable factory overhead controllable variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Favorable
Alvarado Company produced 15,400 units of product that required 4 standard direct labor hours per unit. The standard variable overhead cost per unit is $1.00 per direct labor hour. The actual variable factory overhead was $50,830. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below. X Open spreadsheet Determine the variable factory overhead controllable variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Favorable
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter3: Cost Behavior And Cost Forecasting
Section: Chapter Questions
Problem 55E: (Appendix 3A) Method of Least Squares Using Computer Spreadsheet Program The controller for Beckham...
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Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
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![Factory Overhead Controllable Variance
Alvarado Company produced 15,400 units of product that required 4 standard direct labor hours per unit. The standard variable
overhead cost per unit is $1.00 per direct labor hour. The actual variable factory overhead was $50,830.
This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and
input your answers in the question below.
X
Open spreadsheet
Determine the variable factory overhead controllable variance. Enter a favorable variance as a negative number using a minus sign
and an unfavorable variance as a positive number.
Favorable
Feedback
Check My Work
The variable factory overhead controllable variance is the difference between the actual variable overhead costs and the budgeted variable
overhead for actual production.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbf489cb1-2e5a-4f22-aebe-99919577d35e%2F1164100d-68eb-4c1c-8c0f-2290bc990555%2Ftmx1ec_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Factory Overhead Controllable Variance
Alvarado Company produced 15,400 units of product that required 4 standard direct labor hours per unit. The standard variable
overhead cost per unit is $1.00 per direct labor hour. The actual variable factory overhead was $50,830.
This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and
input your answers in the question below.
X
Open spreadsheet
Determine the variable factory overhead controllable variance. Enter a favorable variance as a negative number using a minus sign
and an unfavorable variance as a positive number.
Favorable
Feedback
Check My Work
The variable factory overhead controllable variance is the difference between the actual variable overhead costs and the budgeted variable
overhead for actual production.
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