Factory Overhead Cost Variances Blumen Textiles Corporation began April with a budget for 41,000 hours of production in the Weaving Department The department has a full capacity of 55,000 hours under normal business conditions The budgeted overhead at the planned volumes at the beginning of April was as follows Variable overhead $77,900 Fixed overhead 55,000 Total $132,900 The actual factory overhead was $134,500 for April The actual fixed factory overhead was as budgeted During April, the Weaving Department had standard hours at actual production volume of 43,000 hours Determine the variable factory overhead controllable variance and the fixed factory overhead volume variance 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 a Variable factory overhead controllable variance $ b Fixed factory overhead volume variance $ Factory Overhead Cost Variances Blumen Textiles Corporation began April with a budget for 41,000 hours of production in the Weaving Department The department has a full capacity of 55,000 hours under normal business conditions The budgeted overhead at the planned volumes at the beginning of April was as follows Variable overhead $77,900 Fixed overhead 55,000 Total $132,900 The actual factory overhead was $134,500 for April The actual fixed factory overhead was as budgeted During April, the Weaving Department had standard hours at actual production volume of 43,000 hours Determine the variable factory overhead controllable variance and the fixed factory overhead volume variance 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 a Variable factory overhead controllable variance $ b Fixed factory overhead volume variance $ Favorable Unfavorable

The Answer is in the image, click to view ...

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 18, 2024

Factory Overhead Cost Variances Blumen Textiles Corporation began April with a budget for 41,000 hours of production in the Weaving Department. The department has a

Factory Overhead Cost Variances

Blumen Textiles Corporation began April with a budget for 41,000 hours of production in the Weaving Department. The department has a full capacity of 55,000 hours under normal business conditions. The budgeted overhead at the planned volumes at the beginning of April was as follows:

Variable overhead	$77,900
Fixed overhead	55,000
Total	$132,900

The actual factory overhead was $134,500 for April. The actual fixed factory overhead was as budgeted. During April, the Weaving Department had standard hours at actual production volume of 43,000 hours. Determine the variable factory overhead controllable variance and the fixed factory overhead volume variance. 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.

a. Variable factory overhead controllable variance: $

b. Fixed factory overhead volume variance: $ image text in transcribed

Factory Overhead Cost Variances Blumen Textiles Corporation began April with a budget for 41,000 hours of production in the Weaving Department. The department has a full capacity of 55,000 hours under normal business conditions. The budgeted overhead at the planned volumes at the beginning of April was as follows: Variable overhead $77,900 Fixed overhead 55,000 Total $132,900 The actual factory overhead was $134,500 for April. The actual fixed factory overhead was as budgeted. During April, the Weaving Department had standard hours at actual production volume of 43,000 hours. Determine the variable factory overhead controllable variance and the fixed factory overhead volume variance. 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. a. Variable factory overhead controllable variance: $ b. Fixed factory overhead volume variance: $ Favorable Unfavorable