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Factory Overhead Cost Variances The following data relate to factory overhead cost for the production of 8,000 computers: Actual: Variable factory overhead $217,300 Fixed factory

Factory Overhead Cost Variances

The following data relate to factory overhead cost for the production of 8,000 computers:

Actual: Variable factory overhead $217,300
Fixed factory overhead 52,000
Standard: 8,000 hrs. at $32 256,000

If productive capacity of 100% was 13,000 hours and the total factory overhead cost budgeted at the level of 8,000 standard hours was $276,000, determine the variable factory overhead Controllable Variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $4 per hour. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

Variance Amount Favorable/Unfavorable
Controllable variance $
Volume variance $
Total factory overhead cost variance $

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