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The following data relate to factory overhead cost for the production of 4,000 computers: Actual: Variable factory overhead $135,800 Fixed factory overhead 42,000 Standard: 4,000
The following data relate to factory overhead cost for the production of 4,000 computers:
Actual: | Variable factory overhead | $135,800 |
Fixed factory overhead | 42,000 | |
Standard: | 4,000 hrs. at $42 | 168,000 |
If productive capacity of 100% was 6,000 hours and the total factory overhead cost budgeted at the level of 4,000 standard hours was $182,000, determine the variable factory overhead Controllable Variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $7 per hour. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
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