Factory Overhead Cost Variances The following data relate to factory overhead cost for the production of 7,000 computers: Actual: Variable factory overhead $332,700 77,000 392,000 Fixed factory overhead Standard: 7,000 hrs. at $56 If productive capacity of 100% was 11,000 hours and the total factory overhead cost budgeted at the level of 7,000 standard hours was $420,000, determine the variable factory overhead controlilable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $7 per hour. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number Amount Favorable/Unfavorable Variance Variable factory overhead controllable variance Fixed factory overhead volume variance Total factory overhead cost varianoe Standard Direct Materials Cost per Unit anoke Company produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (2,657 bars) are as follows: Ingredient Cocoa Sugar Milk Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent Quantity 600 lbs 80 lbs 150 gal $1.40 per gal. Price $0.40 per Ilb. 0.60 per lb x per bar