The standard costs and actual costs for factory overhead for the manufacture of 2,500 unitsactual production are as follows:Standard CostsFixed overhead (based on 10,000 hours)3 hours 5.80 per hourVariable overhead3 hours@ $2.00 per hourActual CostsTotal variable cost, $18,000Total fixed cost, $8,000The amount of the total factory overhead cost variance is:The amount of the factory overhead controllable variance is:The amount of the factory overhead volume variance is:

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Description: The standard costs and actual costs for factory overhead for the manufacture of 2,500 unitsactual production are as follows:Standard CostsFixed overhead (based on 10,000 hours)3 hours 5.80 per hourVariable overhead3 hours@ $2.00 per hourActual Costs

Standard cost is a predetermined cost that a company expects to incur during the production of goods…

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The standard costs and actual costs for factory overhead for the manufacture of 2,500 units actual production are as follows Standard Costs Fixed overhead (based on 10,000 hours)3 hours Variable overhead 3 hours 5.80 per hour $2.00 per hour Actual Costs Total variable cost, $18,000 Total fixed cost, $8,000 The amount of the total factory overhead cost variance is The amount of the factory overhead controllable variance is The amount of the factory overhead volume variance is:

The standard costs and actual costs for factory overhead for the manufacture of 2,500 units actual production are as follows Standard Costs Fixed overhead (based on 10,000 hours)3 hours Variable overhead 3 hours 5.80 per hour $2.00 per hour Actual Costs Total variable cost, $18,000 Total fixed cost, $8,000 The amount of the total factory overhead cost variance is The amount of the factory overhead controllable variance is The amount of the factory overhead volume variance is:

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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The standard costs and actual costs for factory overhead for the manufacture of 2,900units of actual production are as follows: Standard Costs Line Item Description Value Fixed overhead (based on 10,000 hours) 3 hours per unit at $0.71 per hour Variable overhead 3 hours per unit at $1.96 per hour Actual CostsTotal variable cost, $18,100Total fixed cost, $8,200 The fixed factory overhead volume variance is a. $738 favorable b. $0 c. $738 unfavorable d. $923 unfavorable
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The standard costs and actual costs for factory overhead for the manufacture of 2,800 units of actual production are as follows: Line Item DescriptionValueFixed overhead (based on 10,000 hours)3 hours per unit at $0.71 per hourVariable overhead3 hours per unit at $1.98 per hour Actual Costs Total variable cost, $18,200 Total fixed cost, $8,200 The fixed factory overhead volume variance is Group of answer choices $1,136 unfavorable $909 unfavorable $909 favorable $0
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