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3,000 F EX 7-17 Factory overhead cost variances OBJ. 4 Blumen Textiles Corporation began January with a budget for 90,000 hours of produce tion in
3,000 F EX 7-17 Factory overhead cost variances OBJ. 4 Blumen Textiles Corporation began January with a budget for 90,000 hours of produce tion in the Weaving Department. The department has a full capacity of 100,000 hours under normal business conditions. The budgeted overhead at the planned volumes at the beginning of April was as follows: Variable overhead $540,000 Fixed overhead 240,000 Total $780,000 The actual factory overhead was $782,000 for April. The actual fixed factory overhead was as budgeted. During April, the Weaving Department had standard hours at actual production volume of 92,500 hours
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