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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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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
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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