Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following data relate to factory overhead cost for the production of 4,000 computers: Actual: Variable factory overhead $130,000 Fixed factory overhead 30,875 Standard: 5,000

The following data relate to factory overhead cost for the production of 4,000 computers: Actual: Variable factory overhead $130,000 Fixed factory overhead 30,875 Standard: 5,000 hrs at $32 If productive capacity of 100% was 6,500 hours and the factory overhead cost budgeted at the level of 5,000 standard hours was $167,125, determine the variable factory overhead Controllable Variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $4.75 per hour. Use the minus sign to enter favorable variances as negative numbers. Controllable varaiance:$ Volume variance:$ Total factory overhead cost variance:$

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Budget Bible Budgeting Made Simple

Authors: Jessica Charise Brant, Adrienne Homet Hand

ISBN: 979-8218059880

More Books

Students also viewed these Accounting questions

Question

Derive the missing value formula (10. 25).

Answered: 1 week ago

Question

1. Identify three approaches to culture.

Answered: 1 week ago

Question

3. Identify and describe nine cultural value orientations.

Answered: 1 week ago

Question

4. Describe how cultural values influence communication.

Answered: 1 week ago