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 6,000 computers: Actual: Variable factory overhead $173,100 Fixed factory overhead 42,500 Standard: 6,000

The following data relate to factory overhead cost for the production of 6,000 computers: Actual: Variable factory overhead $173,100 Fixed factory overhead 42,500 Standard: 6,000 hrs. at $34 204,000 If productive capacity of 100% was 10,000 hours and the total factory overhead cost budgeted at the level of 6,000 standard hours was $221,000, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $4.25 per hour. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Variance Amount Favorable/Unfavorable Variable factory overhead controllable variance $fill in the blank 1 Favorable Fixed factory overhead volume variance fill in the blank 3 Unfavorable Total factory overhead cost variance $fill in the blank 5 Unfavorable Feedback Area

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

Environmental Audits

Authors: Cliff VanGuilder

1st Edition

1938549600, 978-1938549601

More Books

Students also viewed these Accounting questions

Question

Classify special events. . se

Answered: 1 week ago

Question

3. Explain the forces that influence how people handle conflict

Answered: 1 week ago