Factory Overhead Cost Variances

Port Norris Textiles Corporation began September with a budget for $38,000$ hours of production in the Weaving Department. The department has a full capacity of $51,000$ hours under normal business conditions. The budgeted overhead at the planned volumes at the beginning of September was as follows:

Variable overhead $$72,200$

Fixed overhead

$51,000$

Total

$$123,200$

The actual factory overhead was $$124,700$ for September. The actual fixed factory overhead was as budgeted. During September, the Weaving Department had standard hours at actual production volume of $40,000$ 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: $ Favorable $vv$

b$.$ Fixed factory overhead volume variance: $

Unfavorable $$