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eBook Calculator Factory Overhead Cost Variances Thomas Textiles Corporation began November with a budget for 60,000 hours of production in the Weaving Department. The department has a full capacity of 75 ormal business conditions. The budgeted overhead at the planned volumes at the beginning of November was as follows: Variable overhead $450,000 Fixed overhead 262,500 Total $712,500 The actual factory overhead was $725,000 for November. The actual fixed factory overhead was as budgeted. During November, the Weaving Department had st production volume of 64,500 hours. Determine the variable factory overhead controllable variance and the fixed factory overhead volume variance. Enter a favorable variance as a negative number an unfavorable variance as a positive number. Round your interim computations to the nearest cent, if required. . Variable factory overhead controllable variance: $ 21,250 X . Fixed factory overhead volume variance: 15 Check My Won The variable factory overhead controllable variance is the difference between the actual variable overhead costs and the budgeted variable overhead for actual production The foxed factory overhead volume variance is the difference between the budgeted fixed overhead at 100% of normal capacity and the standard fixed overhead for the actual un eck My Work All work saved. Save and Exit Sut eBook Calculator Factory Overhead Cost Variances Thomas Textiles Corporation began November with a budget for 60,000 hours of production in the Weaving Department. The department has a full capacity of 75 ormal business conditions. The budgeted overhead at the planned volumes at the beginning of November was as follows: Variable overhead $450,000 Fixed overhead 262,500 Total $712,500 The actual factory overhead was $725,000 for November. The actual fixed factory overhead was as budgeted. During November, the Weaving Department had st production volume of 64,500 hours. Determine the variable factory overhead controllable variance and the fixed factory overhead volume variance. Enter a favorable variance as a negative number an unfavorable variance as a positive number. Round your interim computations to the nearest cent, if required. . Variable factory overhead controllable variance: $ 21,250 X . Fixed factory overhead volume variance: 15 Check My Won The variable factory overhead controllable variance is the difference between the actual variable overhead costs and the budgeted variable overhead for actual production The foxed factory overhead volume variance is the difference between the budgeted fixed overhead at 100% of normal capacity and the standard fixed overhead for the actual un eck My Work All work saved. Save and Exit Sut
