Ch.8 HW eBook 0 Factory Overhead Variance Corrections The data related to Shunda Enterprises Inc.'s factory overhead cost for the production of 50,000 units of product are as follows: Actual: Variable factory overhead $261,300 Fixed factory overhead 188.400 Standard: 91,000 hrs. at $5 ($2.90 for variable factory overhead) 455,000 Productive capacity at 100% of normal was 90,100 hours, and the factory overhead cost budgeted at the level of 91,000 standard hours was $452,300. Based on these data, the chief cost accountant prepared the following varlance analysis: Variable factory overhead controllable variance: Actual variable factory overhead cast incurred $261,300 Budgeted variable factory overhead for 91,000 hours 263,900 Varience-favorable - $(2,600) Fixed factory overhead volume variance: Normal productive capacity at 100% 90,100 hrs. Standard for amount produced 91,000 Productive capacity not used sad hrs. Standard variable factory overhead rete x $5 Variance-unfavorable 4,500 Total factory overhead cost variance unfavorable $1,900 Compute the following to assist you in identifying the errors in the factory overhead cost variance analysis. 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. Variance Amount Favorable/Unfavorable Variable Factory Overhead Controllable Variance Fixed Factory Overhead Volume Variance $ Tatal Factory Overhead Cost Variance $ Check My Work Previous Next Assignment Score: 33.33% All work saved. Email Instructor Save and Exit Submit Assigament for Grading