The following data relate to factory overhead cost for the production of 8,000 computers: Actual: Variable factory overhead Fixed factory overhead Standard: 8,000 hrs. at $28.00 V If productive capacity of 100% was 13,000 hours and the total factory overhead cost budgeted at the level of 8,000 standard hours was $244,000, determine the variable factory overhead Controllable Variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $4.00 per hour. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Favorable/Unfavorable. Variance Controllable variance Volume variance. $186,200 52,000 224,000 Total factory overhead cost variance Amount
The following data relate to factory overhead cost for the production of 8,000 computers: Actual: Variable factory overhead Fixed factory overhead Standard: 8,000 hrs. at $28.00 V If productive capacity of 100% was 13,000 hours and the total factory overhead cost budgeted at the level of 8,000 standard hours was $244,000, determine the variable factory overhead Controllable Variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $4.00 per hour. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Favorable/Unfavorable. Variance Controllable variance Volume variance. $186,200 52,000 224,000 Total factory overhead cost variance Amount
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Factory Overhead Cost Variances
The following data relate to factory overhead cost for the production of 8,000 computers:
Actual: Variable factory overhead
$186,200
Fixed factory overhead
52,000
224,000
Standard: 8,000 hrs. at $28.00
2
If productive capacity of 100% was 13,000 hours and the total factory overhead cost budgeted at the level of 8,000 standard hours was $244,000, determine the variable
factory overhead Controllable Variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $4.00 per
hour. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
Favorable/Unfavorable
Variance
Controllable variance
Volume variance
Total factory overhead cost variance
$
Amount
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