Factory Overhead Cost Variances The following data relate to factory overhead cost for the production of 3,000 computers Actual: Variable factory overhead Fixed factory overhead $56,000 23,750 72,000 Standard: 3,000 hrs. at $24 If productive capaaty of 100% was 5,000 hours and the factory overhead cost budgeted at the level of 3,000 standard hours was sa.soo, determine the vanable factory o e head Controlable Variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $4.75 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 Amount Favorable/Unfavorable Total factory overhead cost variance