Question
Factory Overhead Cost Variances The following data relate to factory overhead cost for the production of 7,000 computers: Actual: Variable factory overhead $273,300 Fixed factory
Factory Overhead Cost Variances
The following data relate to factory overhead cost for the production of 7,000 computers:
Actual: | Variable factory overhead | $273,300 |
| Fixed factory overhead | 63,250 |
Standard: | 7,000 hrs. at $46 | 322,000 |
If productive capacity of 100% was 11,000 hours and the factory overhead cost budgeted at the level of 7,000 standard hours was $345,000, determine the variable factory overhead Controllable Variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $5.75 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 | $ | Favorable |
Volume variance | $ | Unfavorable |
Total factory overhead cost variance: | $ | Unfavorable |
Feedback
I have the controllable variance right but not the others.
If you could please show the work too thank you!
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