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The following data relate to factory overhead cost for the production of 4,000 computers: Line Item Description Actual: Variable factory overhead $84,400 Fixed factory overhead 25,500 Standard: 4,000 hrs. at $26.00 Variance If productive capacity of 100% was 6,000 hours and the total factory overhead cost budgeted at the level of 4,000 standard hours was $112,500, determine the variable factory overhead Controllable Variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $4.25 per hour. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Controllable variance Amount Volume variance 104,000 Amount $fill in the blank 1. $fill in the blank 3 Total factory overhead cost variance $fill in the blank 5 Favorable/Unfavorable FavorableUnfavorable FavorableUnfavorable FavorableUnfavorable

The following data relate to factory overhead cost for the production of 4,000 computers: Line Item Description Actual: Variable factory overhead $84,400 Fixed factory overhead 25,500 Standard: 4,000 hrs. at $26.00 Variance If productive capacity of 100% was 6,000 hours and the total factory overhead cost budgeted at the level of 4,000 standard hours was $112,500, determine the variable factory overhead Controllable Variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $4.25 per hour. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Controllable variance Amount Volume variance 104,000 Amount $fill in the blank 1. $fill in the blank 3 Total factory overhead cost variance $fill in the blank 5 Favorable/Unfavorable FavorableUnfavorable FavorableUnfavorable FavorableUnfavorable

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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The following data relate to factory overhead cost for the production of 4,000 computers: Line Item Description Actual: Variable factory overhead $84,400 Fixed factory overhead 25,500 Standard: 4,000 hrs. at $26.00 Variance Controllable variance Amount If productive capacity of 100% was 6,000 hours and the total factory overhead cost budgeted at the level of 4,000 standard hours was $112,500, determine the variable factory overhead Controllable Variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $4.25 per hour. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Volume variance 104,000 Amount Favorable/Unfavorable $fill in the blank 1. FavorableUnfavorable $fill in the blank 3 Total factory overhead cost variance $fill in the blank 5 FavorableUnfavorable FavorableUnfavorable
Transcribed Image Text:The following data relate to factory overhead cost for the production of 4,000 computers: Line Item Description Actual: Variable factory overhead $84,400 Fixed factory overhead 25,500 Standard: 4,000 hrs. at $26.00 Variance Controllable variance Amount If productive capacity of 100% was 6,000 hours and the total factory overhead cost budgeted at the level of 4,000 standard hours was $112,500, determine the variable factory overhead Controllable Variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $4.25 per hour. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Volume variance 104,000 Amount Favorable/Unfavorable $fill in the blank 1. FavorableUnfavorable $fill in the blank 3 Total factory overhead cost variance $fill in the blank 5 FavorableUnfavorable FavorableUnfavorable
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