Factory Overhead Cost Variances

Thomas Textiles Corporation began November with a budget for 30,000 hours of production in the Weaving Department. The department has a full capacity of 40,000 hours under normal business conditions. The budgeted overhead at the planned volumes at the beginning of November was as follows:

Variable overhead	$84,000
Fixed overhead	60,000
Total	$144,000

The actual factory overhead was $145,700 for November. The actual fixed factory overhead was as budgeted. During November, the Weaving Department had standardhours at actual production volume of 31,000 hours.

Determine the variable factory overhead controllable variance and the fixed factory overhead volume variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Round your interim computations to the nearest cent, if required.

a. Variable factory overhead controllable variance:

b. Fixed factory overhead volume variance: