Factory Overhead Cost Variances

Blumen Textiles Corporation began April with a budget for $34,000$ hours of production in the Weaving Department. The department has a full capacity of $45,000$ hours under normal business conditions. The budgeted overhead at the planned volumes at the beginning of April was as follows:

Variable overhead $$88,400$

Fixed overhead $63,000$

Total $$151,400$

The actual factory overhead was $$153,200$ for April. The actual fixed factory overhead was as budgeted. During April, the Weaving Department had standard hours at actual production volume of $35,000$ 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: $fill in the blank $1$

$14,000$

Favorable

b$.$ Fixed factory overhead volume variance: $fill in the blank $3$Factory Overhead Cost Variances

Blumen Textiles Corporation began April with a budget for $34,000$ hours of production in the Weaving Department. The department has a full capacity of $45,000$ hours under normal business conditions. The budgeted overhead at the planned volumes at the beginning of April was as follows:

Variable overhead $$88,400$

Fixed overhead $63,000$

Total $$151,400$

The actual factory overhead was $$153,200$ for April. The actual fixed factory overhead was as budgeted. During April, the Weaving Department had standard hours at actual production volume of $35,000$ 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: $fill in the blank $1$

$14,000$

Favorable

b$.$ Fixed factory overhead volume variance: $fill in the blank $3$