Factory Overhead Cost VarancesThe fallowing data relate to factory overhead cost for the production of 7,000 computers:Actual:Variable factory overhead$198,600Fed factory overhead63,250Standard:7,000 hrs. at $35245,000productive capacity of 100 was 11.000 hours and the total factory everhead cost budgeted at the level of 7,000 standard hours was$268,000, determine the variable factory overhead controllable varance, fed factory overhead volume variance, and total factory overheadcost varance. The fised factory overthead rate was $5.75 per hour. Enter a favorable variance as a negative number using a minus sign and anenfavorable variance as a positive numberVarianceAmountFavorable/UnfavorableVariable factory overhead controllable varanceFixed factory overhead volume varianceTotal factory averhead cost variance

The following data relate to factory overhead cost for production of 7,000 computers Actual Variable factory overhead S198,600 Fed factory overhead 63,250 Standard 7,000 hs. at ss 245,000 productive capacity of 300 was 11.000 hours and the total factory everhead cot budgeted at the level of 7,000 standard hours was s268.000, determne the varable factory overhead controtable varance, hed factory overhead volume varanon, and total factory overhead cst varance. The fised factory overthead rate was 5.75 per hour. Enter a tavorable variance as a regative number using a minus sign and a tavorable varianceaspostive number Variance Amount Faverable/Untaverable varable factory everhead controlable varance Fed factory overhead volume variance Total factory overhead cost variance

The following data relate to factory overhead cost for production of 7,000 computers Actual Variable factory overhead S198,600 Fed factory overhead 63,250 Standard 7,000 hs. at ss 245,000 productive capacity of 300 was 11.000 hours and the total factory everhead cot budgeted at the level of 7,000 standard hours was s268.000, determne the varable factory overhead controtable varance, hed factory overhead volume varanon, and total factory overhead cst varance. The fised factory overthead rate was 5.75 per hour. Enter a tavorable variance as a regative number using a minus sign and a tavorable varianceaspostive number Variance Amount Faverable/Untaverable varable factory everhead controlable varance Fed factory overhead volume variance Total factory overhead cost variance

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Factory Overhead Cost Varances
The fallowing data relate to factory overhead cost for the production of 7,000 computers:
Actual:
Variable factory overhead
$198,600
Fed factory overhead
63,250
Standard:
7,000 hrs. at $35
245,000
productive capacity of 100 was 11.000 hours and the total factory everhead cost budgeted at the level of 7,000 standard hours was
$268,000, determine the variable factory overhead controllable varance, fed factory overhead volume variance, and total factory overhead
cost varance. The fised factory overthead rate was $5.75 per hour. Enter a favorable variance as a negative number using a minus sign and an
enfavorable variance as a positive number
Variance
Amount
Favorable/Unfavorable
Variable factory overhead controllable varance
Fixed factory overhead volume variance
Total factory averhead cost variance

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