Please Do not Give image format Normal capacity for the month 6,000 hrs.Actual production for the month 6,400 hrs.Variable factory overhead costs:Indirect factory wagesPower and lightIndirect materialsTotal variable costFixed factory overhead costs:Supervisory salariesDepreciation of plant and equipmentInsurance and property taxesTotal fixed costTotal factory overhead costTotal controllable variancesVolume variance-favorable:Excess hours used over normal at the standard rate for fixed factory overheadBudgetActual (at ActualCost Production)Unfavorable FavorableVariances Variances00 00 Factory Overhead Cost Variance ReportFeeling Better Medical Inc., a manufacturer of disposable medical supplies, prepared the following factory overhead cost budget for the Assembly Department for Octoberof the current year. The company expected to operate the department at 100% of normal capacity of 6,000 hours.Variable costs:Indirect factory wagesPower and lightIndirect materialsTotal variable costFixed costs:Supervisory salariesDepreciation of plant and equipmentInsurance and property taxesTotal fixed cost$19,80013,56011,160$10,63027,2608,310$44,52046,200$90,720Total factory overhead costDuring October, the department operated at 6,400 standard hours, and the factory overhead costs incurred were indirect factory wages, $21,330; power and light,$14,200; indirect materials, $12,100; supervisory salaries, $10,630; depreciation of plant and equipment, $27,260; and insurance and property taxes, $8,310.

Name: Please Do not Give image format Normal capacity for the month 6,000 hr
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: Please Do not Give image format Normal capacity for the month 6,000 hrs.Actual production for the month 6,400 hrs.Variable factory overhead costs:Indirect factory wagesPower and lightIndirect materialsTotal variable costFixed factory overhead costs:S

Variance arises when the actual costs is different from the standard costs. The results are…

Business

Accounting

Normal capacity for the month 6,000 hrs. Actual production for the month 6,400 hrs. Variable factory overhead costs: Indirect factory wages Power and light Indirect materials Total variable cost Fixed factory overhead costs: Supervisory salaries Depreciation of plant and equipment Insurance and property taxes Total fixed cost Total factory overhead cost Total controllable variances Volume variance-favorable: Excess hours used over normal at the standard rate for fixed factory overhead Budget Actual (at Actual Cost Production) 100000 1000 Unfavorable Favorable Variances Variances E E 00 00