Blumen Textiles Corporation began January with a budget for 90,000 hours of production 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 Fixed overhead Total $540,000 240,000 $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. 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. Please complete the following

Alternative Computation of Overhead Variances:

Applied costs

Actual costs

Balance

Actual Factory Overhead

Controllable Variance

Total Factory Overead Cost Variance

Volume Variance

Applied Factory Overhead for amount produced

Variable cost

Fixed cost