Factory Overhead Cost Variances The following data relate to factory overhead cost for the production of 3,000 computers: Variable factory overhead $122,200 Fixed factory overhead 3,000 hrs. at $49 Actual: Standard: 147,000 If productive capacity of 100% was 5,000 hours and the total factory overhead cost budgeted at the level of 3,000 standard hours was $161,000, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $7 per hour. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Variance Controllable variance 35,000 Volume variance Total factory overhead cost variance Amount $ $ 14000 $ Favorable/Unfavorable Favorable Unfavorable Unfavorable

Factory Overhead Cost Variances The following data relate to factory overhead cost for the production of 3,000 computers: Variable factory overhead $122,200 Fixed factory overhead 3,000 hrs. at $49 Actual: Standard: 147,000 If productive capacity of 100% was 5,000 hours and the total factory overhead cost budgeted at the level of 3,000 standard hours was $161,000, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $7 per hour. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Variance Controllable variance 35,000 Volume variance Total factory overhead cost variance Amount $ $ 14000 $ Favorable/Unfavorable Favorable Unfavorable Unfavorable

Name: Please do not give solution in image format thanku Factory Overhead Co
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: Please do not give solution in image format thanku Factory Overhead Cost VariancesThe following data relate to factory overhead cost for the production of 3,000 computers:Variable factory overhead$122,200Actual:Standard:Fixed factory overhead3,000 hr

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks