Chapter 23, Problem 23.3APE

To determine

Variable factory overhead controllable variances:

The difference between the actual variable overhead costs, and the standard variable overhead costs for actual production is known as the variable factory overhead controllable variances. The variable factory overhead controllable variance is computed as follows:

$\begin{array}{l}\text{Variable factory overhead}\\ \text{controllable variance}\end{array}\}\text{= }\left(\begin{array}{l}\text{Actual variable factory overhead}-\\ \text{Standard variable factory overhead }\end{array}\right)$

The variable factory overhead controllable variance.