Factory Overhead Cost Variances The following data relate to factory overhead cost for the production of 7,000 computers: Actual: Variable factory overhead $166,400 Fixed factory overhead Standard: 7,000 hrs. at $28 38,500 196,000 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 $210,000, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $3.5 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 $ X Favorable Fixed factory overhead volume variance Unfavorable 14,000 Total factory overhead cost variance $ X Unfavorable