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Thomas Textiles Corporation began November with a budget for 25,000 hours of production in the Weaving Department. The department has a full capacity of 33,000

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Thomas Textiles Corporation began November with a budget for 25,000 hours of production in the Weaving Department. The department has a full capacity of 33,000 hours under normal business conditions. The budgeted overhead at the planned volumes at the beginning of November was as follows: Variable overhead $72,500 Fixed overhead 49,500 Total $122,000 The actual factory overhead was $123,500 for November. The actual fixed factory overhead was as budgeted. During November, the Weaving Department had standard hours at actual production volume of 26,000 hours. Determine the variable factory overhead controllable variance and the fixed factory overhead volume variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Round your interim computations to the nearest cent, if required. a. Variable factory overhead controllable variance: $ b. Fixed factory overhead volume variance

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