Factory Overhead Cost Variances

The following data relate to factory overhead cost for the production of 3,000 computers:

Actual:	Variable factory overhead	$127,300
	Fixed factory overhead	36,250
Standard:	3,000 hrs. at $51	153,000

If productive capacity of 100% was 5,000 hours and the factory overhead cost budgeted at the level of 3,000 standard hours was $167,500, determine the variable factory overhead Controllable Variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $7.25 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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