Factory Overhead Cost Variances

The following data relate to factory overhead cost for the production of $4,000$ computers:

Actual: Variable factory overhead $$101,900$

Fixed factory overhead $,22,500$

Standard: $4,000$ hrs$.$ at $$30\mathrm{.}00,120,000$

If productive capacity of $100\%$ was $6,000$ hours and the total factory overhead cost budgeted at the level of $4,000$ standard hours was $$127,500,$ determine the variable factory overhead Controllable Variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $$3\mathrm{.}75$ per hour. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

Variance

Controllable variance

Volume variance

Total factory overhead cost variance

Amount

Favorable$/$Unfavorable

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