Blumen Textiles Corporation began April with a budget for 36,000 hours of production in the Weaving Department. The department has a full capacity of 48,000 hours under normal business conditions. The budgeted overhead at the planned volumes at the beginning of April was as follows: Variable overhead $126,000 Fixed overhead 86,400 Total $212,400 The actual factory overhead was $214,900 for April. The actual fixed factory overhead was as budgeted. During April, the Weaving Department had standard hours at actual production volume of 37,000 hours. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Round your interim computations to the nearest cent, if required. a.  Determine the variable factory overhead controllable variance.$    b.  Determine the fixed factory overhead volume variance.$

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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  1. Blumen Textiles Corporation began April with a budget for 36,000 hours of production in the Weaving Department. The department has a full capacity of 48,000 hours under normal business conditions. The budgeted overhead at the planned volumes at the beginning of April was as follows:

    Variable overhead $126,000
    Fixed overhead 86,400
    Total $212,400

    The actual factory overhead was $214,900 for April. The actual fixed factory overhead was as budgeted. During April, the Weaving Department had standard hours at actual production volume of 37,000 hours. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Round your interim computations to the nearest cent, if required.

    a.  Determine the variable factory overhead controllable variance.
    $   

    b.  Determine the fixed factory overhead volume variance.
    $  

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