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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

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 3,000 computers: Variable factory overhead $122,200 Actual: Standard: Fixed factory overhead 3,000 hrs. at $49 Variance 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. Controllable variance 35,000 Volume variance Total factory overhead cost variance 147,000 Amount $ $ 14000 $ Favorable/Unfavorable Favorable Unfavorable Unfavorable
Transcribed Image Text:Factory Overhead Cost Variances The following data relate to factory overhead cost for the production of 3,000 computers: Variable factory overhead $122,200 Actual: Standard: Fixed factory overhead 3,000 hrs. at $49 Variance 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. Controllable variance 35,000 Volume variance Total factory overhead cost variance 147,000 Amount $ $ 14000 $ Favorable/Unfavorable Favorable Unfavorable Unfavorable
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