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Principles of Accounting II Chapters 22, 23 and 25 Feeling Better Medical Inc. Factory Overhead Cost Variance Report-Assembly Department For the Month Ended October 31
Principles of Accounting II
Chapters 22, 23 and 25
Feeling Better Medical Inc. Factory Overhead Cost Variance Report-Assembly Department For the Month Ended October 31 Normal capacity for the month 5,300 hrs. Actual production for the month 5,600 hrs. Budget Actual (at Actual Unfavorable Favorable Cost Production) Variances Variances Variable factory overhead costs: Indirect factory wages Power and light Indirect materials Total variable cost Fixed factory overhead costs: Supervisory salaries Depreciation of plant and equipment Insurance and property taxes Total fixed cost Total factory overhead cost Total controllable variances Volume variance-favorable: 108 00 Excess hours used over normal at the standard rate for fixed factory overheadStep by Step Solution
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