EX 23-18 /Factory overhead cost variances Blumen Textiles Corporation began April with a budget for 90,000 in the Weaving Department. The department has a full capacity of 100,000 hours normal business conditions. The budgeted overhead at the planned volumes at the ning of April was as follows: OBJ.4 of production under begin- hours Variable overhead Fixed overhead Total $540,000 240,000 $780,000 e 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. a. Determine the variable factory overhead controllable variance. b. Determine the fixed factory overhead volume variance. Enter a zero In cells you woul eseleave ia a.Controllable variance: Actual variable factory overhead Standard variable factory overhead at actual production 19 20 Standard hours at actual production Variable factory overhead rate Standard variable factory overhead Act Controllable variance- 23 24 b. Volume variance Volume at 100% of normal capacity Less standard hours Idle capacity Fixed overhead rate Volume variance 27 28 29 30 31 32 Total factory overhead cost variance Ex. 23-18 Alternative Computation of Overhead Variances Factory Overhead Actual costs Balance Applied costs Actual Factory Overhead Budgeted Factory Overhead for Amount Produced Applied Factory Overhead Variable cost Fixed cost Total Controllable Variance Volume Variance i. Total Factory Overhead Cost Variance