Factory Overhead Cost Variances Blumen Textiles Corporation began April with a budget for 29,000 hours f production in the Weaving Department. The department has a full capacity of 39,000 hours under normal business conditions. The budgeted overhead at the planned volumes at the beginning of April was as follows: $107,300 74,100 $181,400 Variable overhead Fixed overhead Total The actual factory overhead was $183,600 for April. The actual fixed factory overhead was as budgeted. During April, the Weaving Department had standard hours at actual production volume of 30,000 hours. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Round your interim computations to the nearest cent, if required. a. Determine the variable factory overhead controllable variance. b. Determine the fixed factory overhead volume variance.

Q: what are the charatristics of accounting

A: The answer is as fallows

Q: What is the general ledger

A: Lets understand the basics,General ledger is used in double entry accounting system in order to…

Q: accountancy?

A: Accountancy -:Accountancy is the method of documenting, assessing, and reporting on company…

Q: What are the measure of outputs in accounting?

A: The objective of this question is to understand the various measures of outputs in the field of…

Q: Definition of cloud accounting

A: The answer is provided as follows:

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.