Port Norris Textiles Corporation began September with a budget for 36,000 hours of production in the Weaving Department. The department has a full capacity of 48,000 hours un normal business conditions. The budgeted overhead at the planned volumes at the beginning of September was as follows: Variable overhead. Fixed overhead Total $68,400 48,000 $116,400 The actual factory overhead was $117,800 for September. The actual fixed factory overhead was as budgeted. During September, the Weaving Department had standard hours at a production volume of 37,000 hours. Determine the variable factory overhead controllable variance and the fixed factory overhead volume variance. Enter a favorable variance as a negative number using a minus sign an unfavorable variance as a positive number. Round your interim computations to the nearest cent, if required. a. Variable factory overhead controllable variance: $ b. Fixed factory overhead volume variance: $

Port Norris Textiles Corporation began September with a budget for 36,000 hours of production in the Weaving Department. The department has a full capacity of 48,000 hours un normal business conditions. The budgeted overhead at the planned volumes at the beginning of September was as follows: Variable overhead. Fixed overhead Total $68,400 48,000 $116,400 The actual factory overhead was $117,800 for September. The actual fixed factory overhead was as budgeted. During September, the Weaving Department had standard hours at a production volume of 37,000 hours. Determine the variable factory overhead controllable variance and the fixed factory overhead volume variance. Enter a favorable variance as a negative number using a minus sign an unfavorable variance as a positive number. Round your interim computations to the nearest cent, if required. a. Variable factory overhead controllable variance: $ b. Fixed factory overhead volume variance: $

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Description: ### Factory Overhead Cost VariancesPort Norris Textiles Corporation began September with a budget for 36,000 hours of production in the Weaving Department. The department has a full capacity of 48,000 hours under normal business conditions.**Budgete

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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