Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following date relate to factory overhead cost for the production of 7,000 computers: Actual: Variable factory overhead $178,200 Fixed factory overhead 41,250 Standard: 7,000

image text in transcribed
The following date relate to factory overhead cost for the production of 7,000 computers: Actual: Variable factory overhead $178,200 Fixed factory overhead 41,250 Standard: 7,000 hrs. at $30 210,000 If productive capacity of 100% was 11,000 hours and the factory overhead cost budgeted at the level of 7,000 standard hours was $225,000, determine the variable factory overhead Controllable Variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $3.75 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 Controllable variance 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

Communication And Auditing A Step By Step Guide

Authors: Melanie McKay, Elizabeth Rosa

1st Edition

075931652X, 978-0759316522

More Books

Students also viewed these Accounting questions

Question

8. On what should the design plan be based?

Answered: 1 week ago