The following data relate to factory overhead cost for the production of 7,000 computers: Variable factory overhead $203,700 Fixed factory overhead 55,000 Standard: 7,000 hrs. at $35 If productive capacity of 100% was 11,000 hours and the total factory overhead cost budgeted at the level of 7,000 standard hours was $265,000, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $5 per hour. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Actual: Variance Variable factory overhead controllable variance Fixed factory overhead volume variance Total factory overhead cost variance 245,000 Amount $fill in the blank 1 fill in the blank 3. $fill in the blank 5 Favorable/Unfavorable FavorableUnfavorable FavorableUnfavorable FavorableUnfavorable

The following data relate to factory overhead cost for the production of 7,000 computers: Variable factory overhead $203,700 Fixed factory overhead 55,000 Standard: 7,000 hrs. at $35 If productive capacity of 100% was 11,000 hours and the total factory overhead cost budgeted at the level of 7,000 standard hours was $265,000, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $5 per hour. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Actual: Variance Variable factory overhead controllable variance Fixed factory overhead volume variance Total factory overhead cost variance 245,000 Amount $fill in the blank 1 fill in the blank 3. $fill in the blank 5 Favorable/Unfavorable FavorableUnfavorable FavorableUnfavorable FavorableUnfavorable

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Description: Please do not give solution in image format thanku The following data relate to factory overhead cost for the production of 7,000 computers:Variable factory overhead$203,700Fixed factory overhead7,000 hrs. at $35If productive capacity of 100% was 11,

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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